Logo of Phnom Penh Post newspaper Phnom Penh Post - PPAP vows to pay 5% dividend yield on profits

PPAP vows to pay 5% dividend yield on profits

PPAP vows to pay 5% dividend yield on profits

Phnom Penh Autonomous Port (PPAP), the capital’s listed river port operator, will be able to make its guaranteed minimum payment of 5 percent dividend yield based on estimated profits for this year, it announced yesterday in a filing to the Cambodian Securities Exchange (CSX). The total dividend payout will amount to approximately 1 billion riel ($264,200) and will be released to shareholders during the first quarter of next year. PPAP raised $5.2 million in an initial public offering in December 2015, and has promised its private shareholders a 5 percent dividend yield on the initial share price of 5,120 riel ($1.26) annually for five years. The distribution will include a one-tenth cash dividend carried over from 2015.

MOST VIEWED

  • Hun Sen asks Cambodians to believe in government

    Prime Minister Hun Sen on Monday asked citizens and investors to trust that the government will overcome the challenges brought about by Covid-19 and the loss of the EU’s Everything But Arms (EBA) scheme. Speaking to reporters at the Peace Palace in Phnom Penh,

  • Westerdam passenger ‘never had’ Covid-19

    The US Centres for Disease Control and Prevention (CDC) said the US citizen that allegedly tested positive in Malaysia after travelling on the Westerdam was never infected with Covid-19 in the first place. In an article published in the newspaper USA Today on Friday, CDC

  • ‘Ghost staff’ found, $1.7M returned to state coffers

    The Ministry of Civil Service said more than seven billion riel ($1.7 million) in salaries for civil servants was returned to the state last year after it discovered that the books had been cooked to pay ‘ghost officials’. This is despite claims by the Ministry of

  • Woman wanted for killing own son

    Police in Phnom Penh’s Meanchey district are on the lookout for a woman who allegedly hacked her son to death on Sunday in Stung Meanchey III commune. District police chief Meng Vimeandara identified the son as Chan Sokhom, 32. “The offender can’t escape forever.

  • H5N1 also poses deadly threat, ministry warns

    The Ministry of Health’s Communicable Disease Control (CDC) department has called on citizens to excise caution over H5N1 or bird flu that is spreading in the southern province of Vietnam. In a Facebook post, the department announced that it has made a series

  • Malaysia in turmoil

    Malaysian Prime Minister Dr Mahathir Mohamad has done it again. At the centre of two days of high drama and political manoeuvring, he has, wittingly or not, contributed to shaking Malaysia, and further causing its equities market to fall nearly three per cent. The drama