Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia Post registers more than $13.3 million in revenue last year

Cambodia Post registers more than $13.3 million in revenue last year

Content image - Phnom Penh Post
Cambodia Post CEO Ok Bora speaks at the company’s 2018 annual review and 2019 plan implementation on Thursday. Heng Chivoan

Cambodia Post registers more than $13.3 million in revenue last year

State-owned enterprise Cambodia Post generated more than $13.3 million in revenue last year, a major increase from $2.16 million in 2010, according to Cambodia Post CEO Ok Bora.

Speaking at the company’s 2018 annual review and 2019 plan implementation on Thursday, Bora said that after converting to a publicly-owned enterprise in 2011, Cambodia Post has seen its revenue steadily increase year-on-year.

According to Bora, the company earned more than $1.13million in pre-tax profits last year.

Cambodia Post also invests in Cambodia Post Bank, which has registered some $36.52 million in profits since it was launched in 2013. In 2018 alone, the bank registered profits of $13.81milion.

Canadia Bank is Cambodia Post Bank’s majority shareholder at 50 per cent, followed by Fullerton Bank (45 per cent) and Cambodia Post (5 per cent).

MOST VIEWED

  • Woman detained for murder of hairdresser over unpaid $1K debt

    A woman has been held in connection with the murder of a 40-year-old widow. The victim’s daughter claims the motive was the suspect’s unpaid four million riel ($1,000) debt to her mother. The 17-year-old girl, Pich Sievmey, said her mother, Koem Yaneang, a hairdresser

  • ‘Life goes on’ if Cambodia loses Everything But Arms

    Cambodia's business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in

  • Nesat beach: A magnet drawing tourists to the Kingdom’s coastline

    A white sandy beach lined by countless coconut trees awaits travellers off Cambodia’s southwest coast in Koh Kong province’s Srae Ambel district, about 170km from Phnom Penh. Over the past few years Nesat beach – a name inspired by a nearby fishing village – has

  • Woman confesses to murder, dismemberment over debt

    The daughter of a woman who was killed and dismembered in Phnom Penh earlier this month requested the authorities on Wednesday to impose the death penalty on the woman who killed her mother, after listening to the killer confess and describe her gruesome actions without