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).