PPAP 4Q23 Review: Net Profit Plunges 34% YoY
In 4Q23, container throughput slightly increased 2.9% YoY to 91,186 twenty-foot equivalent units (TEUs). On the other hand, the total volume of the containers decreased by ...
26th March 2024
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ABC 4Q23 Review: Bottom Line Declines on High Credit and Funding Costs
At the end of 4Q23, the number of loan accounts reached 661,941, up 11.9% YoY. Gross loan portfolio saw a slight uptick of 3.7% YoY, totaling USD 6,657.3mn at the end of 2023, mainly driven by 5.0% YoY growth ...
26th March 2024
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PPWSA 4Q23 Review: Strong Recovery and Resilience in Challenging Times
In 4Q23, total water subscription reached 478,141 connections, an increase of 2.4% compared to the previous quarter, and 5.9% compared to the same period last year. Of the total subscriptions, household clients account for 381,752 ...
26th March 2024
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PPAP's 1Q23 review: Revenue and profit plunge on trade decline
In 1Q23, the port operator faced significant challenges as total container throughputs dropped by 24.7% YoY to 77,341 TEUs. Container shipments (in tons) decreased by 15% compared to the previous quarter and 6% compared ...
30th August 2023
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ABC's 2022 Review: Robust growth year despite headwind
Both deposits and loans experienced rapid growth in 2022. The total number of loan accounts increased by 9.3% YoY, and the gross loan portfolio increased by 18.3% YoY to USD 6,422mn, slightly above ...
29th June 2023
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PPWSA 1Q23 Review: Core revenue growth continues to be resilient
Water subscriptions increased 4.8% YoY to 458,909 connections at the end of 1Q23. Household clients make up the vast majority of water subscribers, with 366,997 connections, or 80.0% of the total connections. Commercial and industrial clients account for 85,180 connections or 18.6% of the total, while the remaining ...
22nd May 2023
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PPWSA 2022 Review: Bottom line declines despite solid growth of water sales
• At the end of 2022, there were 451,554 connections, a rise of 4.7% from the end of 2021. Household customers make up 360,948 connections, or 79.9%, of the total subscriptions, while commercial and industrial customers make up 83,874 connections or ...
18th May 2023
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PPAP's 2022 Review: A positive year with strong profitability
Container throughputs reached 417,412 TEUs in 2022, up 20% YoY. Imports of raw materials for garments represented 10% of total imports, rising 15% compared to 2021. Garment exports accounted for 74% of all exports, increasing 17.58% YoY, which contributed to the increase in container throughputs...
27th April 2023
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PPWSA's 3Q22 review: water sales continue to see solid growth
Water subscription reached 447,679 connections at the end of 3Q22, an increase of 1.2% compared to the end of 2Q22, and 5.2% compared to 3Q21. Of the total subscriptions, household clients account for 358,770 connections, or 80.1%, while commercial and industrial clients account for 82,193 connections or 18.4%, with the other 6,716 connections being subscriptions from government institutions, autonomous state authorities, private water distributors, and others....
18th January 2023
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PPAP's 3Q21 review: revenue surges on rising export shipments
In 3Q21, container throughputs reached a record high of 109,124 TEUs, an increase of 27.4% compared to the same period last year. The increase in container throughputs can be attributed to the robust growth in export activities handled at PPAP, with container shipment for export surging 30.3% YoY to 248,044 tons...
30th November 2021
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