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A view of the Point Lisas Industrial Estate from San Fernando Hil. File photo -
The Point Lisas Industrial Port Development Corporation Limited (Plipdeco) has recorded a two per cent decline in its revenue for 2020.
In its consolidated financial statement, chairman Ian Atherly noted that the period December 31 2020 resulted in the generation of $306.4 million representing a decrease of $7.4 million from 2019.
Decreases were also reflected in other areas. Group profit before tax, exclusive of fair value gains on the tenanted premises generated $19.4 million, a 34 per cent decrease from 2019 when it recorded a $29.4 million.
Fair value gains of $76 million were generated as a result of increases in the fair value of investment properties on the estate due to rent reviews and renewals during 2020. In 2019, Plipdeco recorded $97 million.