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

  • Breaking: US House passes 'Cambodia Democracy Act'

    The US House of Representatives in Washington, DC, on Monday, passed the “HR 526 Cambodia Democracy Act”, also known as the Cambodia Democracy Act of 2019. If signed off by the president, the bill will allow two major sets of action to be taken against high-ranking Cambodian

  • ‘Zero-dollar’ tours under fire

    Minister of Tourism Thong Khon has blamed “zero-dollar” tour operators for the decrease in foreign tourists to Angkor Archaeological Park in the first half of this year and has called for action against them. Angkor Archaeological Park received 1.24 million foreign visitors in the first half

  • Breaking: Rubbish found packed inside 83 containers at S'ville port

    Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday. The origin of the containers has yet to be ascertained, Ministry of Environment spokesman Neth Pheaktra said. Pheaktra, who is also the ministry’s secretary of state, said

  • VIP prison scrapped amid much criticism

    The Ministry of Interior announced on Thursday that Cambodia’s first privately run prison, which was to allow prisoners with enough money to upgrade to more comfortable cells, has been scrapped. Ministry spokesman Khieu Sopheak said studies had found that no other country in the