GPA Net Profit Plummets to D197M Amid Operational Setbacks in 2022

GPA generates D1.54B in revenue, earns profit of D177M

“During the year, GPA acquired properties in the Half-Die area, including a former vocational training centre and Muslim Senior Secondary School, to increase storage space by about 17,000 square metres,” he stated., saying: “People living on the land were relocated, and compensation was provided to residents and farmers.” According to GPA managing director, some projects in the 2019 Port Master Plan, such as terminal expansion and port digitalis…

GPA Net Profit Plummets to D197M Amid Operational Setbacks in 2022

By: Fatou Krubally The Gambia Ports Authority (GPA) has reported a sharp decline in its net profit for the year 2022, dropping from D546 million in 2021 to D197 million. This was disclosed in GPA’s annual activity and financial reports presented to the Standing Committee on Public Enterprises (PEC) on Monday. Profit after tax also fell nearly by half, from D336 million in 2021 to D177 million in 2022. The decline comes amid operational challenge…