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Logo of Phnom Penh Post newspaper Phnom Penh Post - PPWSA profits in 2016 continue to decrease

PPWSA profits in 2016 continue to decrease

The Phnom Penh Water Supply Authority (PPWSA) posted a 10 percent decrease in net profit last year, recording earnings of $12.5 million, compared to $14 million in 2015, according to its annual report released yesterday.

Revenue for the capital’s listed water utility fell by 2.7 percent to $54 million in 2016, from $55.5 million during the same period one year earlier. Basic earnings per share for PPWSA’s 86.9 million listed shares amounted to 580 riel ($0.14) last year, compared to 655 riel ($0.16) in 2015.

PPWSA’s dividends are set to be distributed in April, with a total dividend of $3.3 million. The company’s shares on the Cambodia Securities Exchange closed up 100 riel at 4,100 riel yesterday amid low volume trading.

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Don Rennie's picture

Dear Post Staff,

It is hard to believe that the PPWSA has seen it's income stream decline.

In my view, the PPWSA is a near monopoly and should see it's revenue increase on an annual basis.

DR