Logo of Phnom Penh Post newspaper Phnom Penh Post - PPWSA’s revenue flat, profit down 20 pct in Q3

PPWSA’s revenue flat, profit down 20 pct in Q3

PPWSA’s revenue flat, profit down 20 pct in Q3

Phnom Penh Water Supply Authority (PPWSA) reported total revenue of $13.2 million during the third quarter of the year, a marginal decrease of 0.34 percent from the same period in 2016.

The financial statement for the capital’s listed water utility showed net profit reached $2 million, a decrease of nearly 20 percent compared with the same period in 2016.

The firm noted that for the first nine months of the year total revenue increased 10.2 percent to $41.5 million, while net profit decreased nearly 25 percent to $5.6 million.

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