Logo of Phnom Penh Post newspaper Phnom Penh Post - Dividend doubles for PPWSA investors

Dividend doubles for PPWSA investors

Dividend doubles for PPWSA investors

Shareholders in the Phnom Penh Water Supply Authority (PPWSA) will receive a dividend payment of 54.75 riel per share on April 23, almost double the 2013 payout figure of 27.7 riel.

PPWSA will pay out in total 4.7 billion riel ($1.17 million) to investors, according to a statement released last week.

PPWSA also said that it expects a gross revenue increase of 14.1 per cent in 2014 and a net profit increase of 12.5 per cent.

PPWSA’s annual report, published on April 8, shows total revenue for the firm during 2013 totalled $37.9 million, up 12 per cent from $33.8 million a year earlier.
Net profit for the water utility equaled $9.68 million, up 12.5 per cent from $8.6 million in 2012.

Om Seng Bora, an independent director on the PPWSA board of directors, encouraged investors to think long-term and consider the company’s 2013 results and the recent dividend announcement as good signs.

“If they think about short term, they are not happy,” he said. “The company can afford to double dividend distribution, so it can ensure long-term investment.”

PPWSA investor Sok Lak said he was not happy with the company’s transparency, saying he could have received better returns from opening a long-term deposit account in a banking institution.

Fellow investor Tann Sochan welcomed the shareholder updates.

“I think that it is appropriate and I am always thinking of the long-term investment,” she said. “I have never thought of selling out even if the dividend is small.”

MOST VIEWED

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • Sor Chandeth defends his criticism of Hun Sen

    Former senator Sor Chandeth has defended his choice of words when criticising Hun Sen, saying he was merely speaking metaphorically to attack the Prime Minister’s political life, not his actual person, as the latter seeks damages. [img] Chandeth spoke to The Post on Thursday,

  • South Korea’s Moon arrives in Kingdom for state visit

    South Korean president Moon Jae-in and his wife arrived in Phnom Penh on Thursday at the start of a three-day state visit to Cambodia to strengthen ties and further the friendship between the two countries. After arriving at the Phnom Penh International Airport in the

  • Youths band together to clean ‘filthy’ Boeung Trabek canal

    Inspired by their affection for the environment, a desire to have a clean and beautiful city, and wanting to send a message to people to stop littering, a group of some two dozen volunteer youths have taken to picking up trash day and night from