Logo of Phnom Penh Post newspaper Phnom Penh Post - Firms put out Q2 financial reports

Firms put out Q2 financial reports

The offices of the Cambodian Stock Exchange (CSX) in Phnom Penh.
The offices of the Cambodian Stock Exchange (CSX) in Phnom Penh. Heng Chivoan

Firms put out Q2 financial reports

Two of Cambodia’s four publicly listed companies released their financial reports for the second quarter of 2016 yesterday, with both showing moderately healthy profits.

This comes six weeks after the close of this year’s fiscal first half, and a day after the Post reported that all four publicly listed companies were late in releasing their financial statements – a vital tool for investors to judge the health of a company.

Phnom Penh Water Supply Authority (PPWSA) posted total revenue of about $12.4 million from April through June of this year, a 1.6 per cent increase from the same period last year. The company’s net profit topped $3.1 million, a 76.8 per cent year-on-year increase, during the same period.

While PPWSA’s performance improved when compared to the first quarter of this year, net profit declined by 30.2 per cent compared to the first half of 2015, when it recorded $5 million in profits in its semi-annual report.

The Phnom Penh Autonomous Port (PPAP) – which listed on the Cambodian Securities Exchange (CSX) last December – recorded total revenue of $3.65 million for the second quarter of this year, an increase of 5 per cent compared to the same period in 2015. The company’s net profit grew by 13 per cent year-on-year to $746,170 during the period.

While PPWSA earned more than $3.1 million net profit during the second quarter, it expects that it will slightly dip to $2.67 million in the third quarter.PPAP, on another hand, did not release a growth plan or expected earnings.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’