17 AUGUST 2022, MANILA--The Philippine Ports Authority (PPA) continues to rebound from the effects of the global pandemic as net income increased by 9% in the first six months of the year.
The agency’s net income is now only 13% down compared to the pre-pandemic figure. PPA's net income declined by as much as 50% during the onslaught of COVID-19 in 2020.
Data from the PPA showed that net income for the period in review reached P5.024 billion from P4.611 billion registered in 2021. Against the target of P4.056 billion, the actual figure is 24% higher.