Total revenue fell 18.9% to KHR215bn in 2019 from KHR265bn in 2018. The decrease in revenue was driven mainly by declining other income, which dropped by KHR33.8bn since in 2018 the company earned KHR32.9bn from the one-time gain on settlement of retirement benefit obligation. Meanwhile, core water sales, which represented more than 90% of total revenue in 2019, were down by KHR11.6bn or 5.6%....
17th July 2020
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Pre-tax profit came to KHR15.54bn in 4Q19, an increase of 58.7% YoY. Despite the expired tax incentive, which the listed company had enjoyed for three years from 2016 to 2018, net profit growth remained remarkable at 42.7% YoY. In 2019, PPAP recorded the highest annual net income of KHR47.82bn.
31st March 2020
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The National Assembly yesterday approved the draft Budget Law for 2020, according to which the government plans to spend $8.2bn for 2020, a 22% increase compared to 2019...
27th November 2019
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The Ministry of Mines and Energy and several local solar companies will meet today for a consultative workshop on guidelines for solar home systems (SHS). The workshop aims to gather market data, analyse examples...
26th November 2019
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Estate Xchange (Cambodia) Plc, with Morgan Group as its strategic partner, will offer a new marketplace for real estate and properties trading. Speaking at the grand opening and signing ceremony, Ros Sovantha, the company’s CEO said...
22nd November 2019
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The feasibility study for a Japan-funded water treatment plant in Takhmao city was recently finished, with construction due to begin April next year, the agency in charge of the project revealed...
21st November 2019
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Total number of water subscriptions has maintained a steady growth, increasing by 6,391 in 3Q19 to 386,661 at the end of September. Subscription by commercial and industrial clients saw the highest quarterly increase in the last five quarters, rising by 1,000 to 60,804 (15.7% of total). Subscriptions by households reached 319,372 (82.6% of total), or 5,395 more compared to the end of 3Q18...
21st November 2019
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Cambodia exported more than $7.97 billion worth of garment, textile and footwear (GTF) products in the first nine months of this year, up 13.18 per cent year-on-year from $7.04 billion, a report from the Ministry of Economy and Finance’s General Department of Customs and Excise said...
20th November 2019
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Cambodia’s local startup “Clik” – a digital payments service aggregator based in Phnom Penh—was featured in the “Emerging 50” section of this year’s Fintech100 for the first time.
19th November 2019
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Container throughputs handled by PPAP in 3Q19 hit an all-time high of 92,494 TEUs, surging 44.4% compared to 3Q18, the highest YoY growth for quarterly throughputs the port has achieved since 2011. Container shipments during the period rose 27.5% YoY to 635,409 tons...
19th November 2019
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