Equity Report

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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PPWSA's 2020 review: net profit skyrockets to record high

Water subscription increased by 17,712 connections or 4.5% to 407,779 connections at the end of 2020. The number household clients were up 3.7% to 333,099 connections, accounting for 81.7% of total subscriptions, while the number of commercial and industrial clients rose 9.3% to 68,136 connections (16.7% of total)...

12th May 2021

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PPAP's 4Q20 review: Revenue decreases for second straight quarter

In 4Q20, container throughputs increased 1.6% YoY to 69,565 TEUs. The positive growth was achieved after a decline of 7.4% YoY in 3Q20 likely as a consequence of COVID-19 impact. Total container shipments reached 520,800 tons between Oct and Dec 2020, up 8.2% compared to the same period in 2019, driven mainly by 13.2% YoY increase in export shipments....

17th February 2021

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PPAP's 3Q20 review: Revenue falls for first time since IPO

Container throughputs came to 85,681 TEUs in 3Q20, down 7.4% from 92,494 TEUs in 3Q19. It is the first time since at least 2010 (YSC available data) that PPAP witnessed a YoY decline in container throughput in the third quarter. Both import and export shipments saw a decrease of 11.0% and 10.1% YoY, respectively, with total container shipment volume...

08th February 2021

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PPWSA's 3Q20 review: net profit soars 72% QoQ and 25% YoY

Water subscription totaled 405,627 connections at the end of September 2020, up 4.9% YoY. Subscription from commercial & industrial clients posted a double-digit growth of 10.4% from the end of September 2019 to 67,142 connections, representing 16.6% of total connections...

03rd February 2021

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PPAP's 1H20 review: Net profit plunges 15.8% YoY

In the first half of 2020, container throughputs continued a solid growth of 12.9% YoY to 135,611 TEUs. However, container shipment volume was up modestly by 3.9% YoY to 976,873 tons. Between January and June, total shipments handled by PPAP amounted to 1,796,641 tons, down 3.7% compared to the same period last year.

15th September 2020

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