PPA posts higher net income anchored on strong cargo traffic
MANILA, SEPTEMBER 26, 2016—The Philippine Ports Authority (PPA) posted a seven consecutive month of positive net income registering another double-digit increase after tax.
Latest data from the PPA showed that net income for the Jan-Jul 2016 period is at P4.39 billion or 16% higher than the P3.78 billion posted in the same period in 2015.
Likewise, the actual figure is higher by 64.22% compared to the target set for the seven-month period of P2.67 billion.