PPA income inch-up 16% in 11 months
19 JANUARY 2018, MANILA—The Philippine Ports Authority (PPA) posted a 16% hike in its net income in the January to November 2017 period despite starting the year on a conservative mood.
PPA was able to achieve the feat through its sound financial condition and strong Philippine economic status despite having some concerns with the Philippine peso the entire year.
Latest data from the PPA showed that net income for the period in review reached P8.310 billion or some 16% higher than the P7.164 billion posted a year earlier.