Login Register

Logo of Phnom Penh Post newspaper Phnom Penh Post - Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

| Publication date 03 July 2019 | 10:00 ICT

Content image - Phnom Penh Post
Hattha Kaksekar Limited (HKL) posted a 49.28 per cent increase in net profit in the first quarter of this year. h Heng Chivoan

Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

Cambodia Securities Exchange-listed (CSX) Hattha Kaksekar Limited (HKL), a microfinance institution (MFI), posted a 49.28 per cent increase in net profit in the first quarter of this year, according to a financial report filed on the stock exchange.

This is HKL’s first public financial report since the company listed on CSX late last year.

The report shows that HKL received a net profit of more than $6 million in the first quarter of this year – up from more than $4 million in the same period last year.

HKL CEO Him Vibol told The Post on Tuesday that the boost was due to an increase in loan issuance and deposits.

“This, together with consumer confidence, increases net profit,” he said.

The report shows that pre-tax profits also increased by 52.80 per cent to $7.7 million in the first quarter of this year, up from $5 million compared to the same period of last year.

Total assets rose 6.29 per cent from $925 million as of December 31 last year, to $986 million as of March 31.

HKL was the first Cambodian MFI to issue bonds on CSX.

Contact author: Thou Vireak

MOST VIEWED

  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • Kep selected for ‘world-class’ 2.7km beach development

    Kep province has been selected as the first site of a new coastal development initiative, with a “world-class” 2.7km beach planned for the near future. The Kep Provincial Administration met with the National Committee for Coastal Management and Development to discuss the development of the

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

Related articles