PPA's net income up 9% to P5.024 billion in 1H

By Genivi Verdejo

Aug 17, 2022 12:00 am

The Philippine Ports Authority (PPA) said net income increased to P5.024 billion in the first half of the year, a 9 percent growth from P4.611 billion registered in the same period last year, showing a strong rebound from the effects of the pandemic.

PPA's net income was 24 percent ahead of the P4.056 billion target, and it was 13 percent lower compared to the pre-pandemic figure. PPA's net income declined by as much as 50 percent during the onslaught of COVID-19 in 2020.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Lloyds Register completes acquisition of Ocean Technologies Group

Insurers pay P2.54B Princess Empress claims

USCG, PCG host maritime forum for Asean partners

Tech firm sees digitalization will not replace schools

Digital solutions to revolutionize maritime industry

Manning leaders discuss LGBTQ rights onboard ships

Komsa studies biofouling management in PH ports