Phnom Penh Autonomous Port
Phnom Penh Autonomous Port (PPAP) is a major river port in Cambodia. Similar to Sihanoukville Autonomous Port (PAS), this port serves as an important gateway for trade and commerce in the country. It is located on the banks of the Mekong River in the capital city of Phnom Penh and was established in 1980 with the aim of facilitating international trade and supporting economic development.
Today, PPAP plays a critical role in Cambodia's economy, handling 50% of various types of cargo in Cambodia and serving as a transshipment hub for neighboring countries like Thailand and Vietnam. Moreover, Phnom Penh Autonomous Port plays a significant role in social development by providing more than 600 direct jobs and thousands of indirect jobs to Cambodian people. Furthermore, the port assists shipping firms in reducing lead time, and with cheap transportation costs, Cambodia's commerce has a chance to compete in the international market.
As of April 2023, Phnom Penh Autonomous Port has a market cap of $0.42 Billion. According to Phnom Penh Autonomous Port's latest financial reports, the company's current revenue (TTM) is $30.85 M. In 2021 the company made a revenue of $30.85 M an increase over the year 2020 revenue that was of $27.47 M. As a result of the last five years from 2017 to 2021, the port keeps annually increased by an average of 17%.
Founded: 1980
Headquarters: Phnom Penh, Cambodia
Website: https://ppap.com.kh/