PPA to remit record P5-B dividend
PPA to remit record P5-B dividend
Transcript
00:00 The Philippine Ports Authority or PPA is set to remit a record-breaking amount of over
00:05 P5 billion in dividends to the National Treasury for 2023.
00:10 The amount is 58.25% of PPA's net earnings based on its unaudited financial statements
00:18 for the year.
00:19 The increase in revenue to P25.44 billion in 2023, up from P20.54 billion in 2022, is
00:28 attributed to good fiscal management and efficient operations.
00:32 PPA has been consistently increasing its dividend remittances since 2016, with a total remittance
00:38 of P30.97 billion from 2016 to 2023.
00:43 The PPA was recognized as one of the leading dividend contributors among government-owned
00:49 and controlled corporations, ranking fourth overall.