Phnom Penh SEZ to distribute cash dividend

Phnom Penh SEZ Plc will distribute a cash dividend of 1.17 billion riel ($289,000), or 20.17 riel per share, to its private shareholders for its 2016 operations, the listed industrial property developer said in a filing yesterday.

Dividends amounting to 20 percent of net income will be distributed to eligible shareholders on June 8. Phnom Penh SEZ, which operates a 347-hectare industrial park in the capital and is developing another on the Thai border near Poipet, reported a net profit of $1.4 million in 2016, a 65 percent decrease compared to 2015.

MOST VIEWED

With herd immunity likely in 2022, is Cambodia ready to reopen for tourism?
The government aims to inoculate 80 per cent of the target population by June next year, giving it a head start among regional peers to reboot the sector but first, it has to do a few things to up its game A sign on a glass
US wants 'full access' to Ream Naval Base
On June 11, the US embassy's Defense Attaché Colonel Marcus M Ferrara visited Ream Nava Base in coordination with Cambodian officials following the recent approval of Prime minister Hun Sen to allay the concerns on Chinese military presence at the base as raised by US Deputy
Jab drive heading to 5 provinces
The government is set to vaccinate more than 1.2 million people in five provinces after finishing with Phnom Penh and neighbouring Kandal in an ongoing campaign administered by the ministries of Health and National Defence. The five provinces are Preah Sihanouk, Kampong Speu, Takeo, Kampong Cham
New immigration bill targets illegal foreigners in Kingdom
General Department of Immigration (GDI) officials are discussing revisions to the new draft law on immigration to prevent foreigners from entering Cambodia illegally and to supervise those living in the Kingdom more effectively. The revisions draw wide support among civil society organisations. GDI director-general Kirth
Kingdom set to be a gold producer
Cambodia will soon join the roster of gold producing countries after the government announced the commencement of commercial gold mining operations in the Okvau area in southwestern Mondulkiri province's Keo Seima district from June 21. Prime Minister Hun Sen on June 10 announced that after 14 years of
School reopening can’t wait
With the Covid-19 pandemic now well into its second year, safely reopening schools has become an urgent priority. School attendance is critical for children’s education and lifetime prospects. The long-term costs of closures – both for individual children and society – are simply too large to