Logo of Phnom Penh Post newspaper Phnom Penh Post - Profits sink in Q1 for capital industrial park

Profits sink in Q1 for capital industrial park

Profits sink in Q1 for capital industrial park

Listed industrial park operator Phnom Penh SEZ reported revenue of $1.46 million for the first quarter of 2017, a decline of $1.72 million, or nearly 54 percent, compared with the same period last year, according to a filing yesterday on the Cambodia Securities Exchange.

Net profit decreased to $28,932 during the first quarter compared to $825,595 one year earlier, a decline of 96.5 percent. The decline in revenue was attributable to a sharp decrease in land sales for the first quarter, according to the filing.

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