Logo of Phnom Penh Post newspaper Phnom Penh Post - Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

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Hattha Kaksekar Limited (HKL) posted a 49.28 per cent increase in net profit in the first quarter of this year. h Heng Chivoan

Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

Cambodia Securities Exchange-listed (CSX) Hattha Kaksekar Limited (HKL), a microfinance institution (MFI), posted a 49.28 per cent increase in net profit in the first quarter of this year, according to a financial report filed on the stock exchange.

This is HKL’s first public financial report since the company listed on CSX late last year.

The report shows that HKL received a net profit of more than $6 million in the first quarter of this year – up from more than $4 million in the same period last year.

HKL CEO Him Vibol told The Post on Tuesday that the boost was due to an increase in loan issuance and deposits.

“This, together with consumer confidence, increases net profit,” he said.

The report shows that pre-tax profits also increased by 52.80 per cent to $7.7 million in the first quarter of this year, up from $5 million compared to the same period of last year.

Total assets rose 6.29 per cent from $925 million as of December 31 last year, to $986 million as of March 31.

HKL was the first Cambodian MFI to issue bonds on CSX.

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