PPA net income rises 15% in 2014 amid congestion woes
MARCH 22, 2015, MANILA—The Philippine Ports Authority (PPA) posted a 15% hike in net income despite the Manila port congestion, which bugged the port for the majority of 2014.
Latest data from the state-owned agency showed that net income after tax reached P4.26 billion from P3.70 billion posted in 2013.
The actual figure is also higher by about 16% compared to the target net income of P3.67 billion or a difference of about P582 million.