Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - PPAP to pay out dividends

PPAP to pay out dividends

A crane unloads containers from a docked ship at the Phnom Penh Autonomous Port.
A crane unloads containers from a docked ship at the Phnom Penh Autonomous Port. Pha Lina

PPAP to pay out dividends

Phnom Penh Autonomous Port (PPAP) will distribute a cash dividend of 1,059,039,488 riel ($261,148), or 256 riel per share, to its private shareholders for its 2016 operations, the port operator said in a filing to the Cambodian Securities Exchange (CSX).

The dividend payout ratio – the amount of dividends paid to stockholders relative to total net income – is 6.39 percent, slightly higher than the company’s pledge to distribute a minimum 5 percent dividend to its Class A shareholders for the first five years after listing.

PPAP, which raised $5.2 million in its initial public offering on the CSX in December 2015, will also distribute a 2015 dividend of 25.6 riel per share to qualified shareholders at the same time.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all