The Philippine Fisheries Development Authority (PFDA) recorded a 9.32 percent increase in operating income in 2020 to P198.05 million from 2019’s P181.16 million.
The agency said it remained financially fit despite the effects of the pandemic ending 2020 with total assets higher by 37.34 percent to P4.7 billion from P3.4 billion the previous year
Earnings before interest, taxes, depreciation and amortization climbed by 14.5 percent to P265.2 million from P231.4 million, surpassing the Governance Commission for GOCC’s approved target of P143 million.
PFDA is a state-run firm mandated to promote the development of the fishing industry through provision of post-harvest infrastructure facilities and essential services to improve efficiency in the handling and distribution of fishery products.
The PFDA said in the first quarter of 2021, its operating income hit P71.65 million and is seen to sustain growth as the economy recovers.
As of the first week of May, the agency also reported a 4.02- percent increase in
total fish unloaded to eight regional ports in the country as it reached 12,953.64 metric tons (MT) from the previous two weeks’ 12,453.22 MT.
Top-performing ports for the period were General Santos with an 11.08 percent increase to 7,160.46 MT and Navotas with a 7.54 percent growth to 3,581.29 MT.
The Lucena fish port followed with 373.42 MT equivalent to an increase of 23.82 percent, the Zamboanga fish port with a growth of 32.44 percent to 110.92 MT, the Sual fish port with 38.53 MT or a growth of 46.78 percent and the Iloilo fish port with an 18 percent increase to 478.73 MT.
Out of the eight regional fish ports, only two recorded negative outputs. The Bulan fish port output went down by 33.84 percent to 1,178.16 MT while the Davao fish port declined by 59.04 percent to 32.13 MT. – J. Macapagal
