Logo of Phnom Penh Post newspaper Phnom Penh Post - Telecom revenue rose in 2012




Telecom revenue rose in 2012

Telecom revenue rose in 2012

CAMBODIA Post (CP), which plans to list on the local bourse, earned 8.1 per cent more revenue year-on-year in 2012, driven in part by its recent transformation from a wholly state-owned delivery company into a semi-autonomous entity.

Revenues last year hit more than $4 million, compared with $3.7 million in 2011, CP director general Ork Bora said. The company was partially privatised by the Ministry of Posts and Telecommunications in 2011, a move intended to improve its services and management to compete with the numerous private delivery companies.

“We received good business performances in the two years since our transformation be­­cause we upgraded and bettered our services and coverage in order to compete with some 20 other private companies,” Bora said. “We increased the number of deliveries locally and abroad.”

Two other factors that led to the revenue increase, he added, were an improvement in the country’s infrastructure and an increase in the number of Cambodians working abroad.

“I have also noticed that whenever we have more and more people going to work abroad, we get a lot more deliveries,” he said, adding that CP has already increased the frequency of its overseas deliveries, from once to three times a day.

CP is currently conducting market studies in Qatar and also negotiating with Air France to expand its services to Europe, Bora said.

The Post reported earlier this year that Telecom Cambodia, also under the Ministry of Posts and Telecommunications, lost about $14 million in 2011 and $10 million last year.

MOST VIEWED

  • Cambodia-Thailand rail reconnected after 45 years

    A railway reconnecting Cambodia and Thailand was officially inaugurated on Monday following a 45-year hiatus, with the two kingdoms’ prime ministers in attendance at the ceremony. On the occasion, Cambodian Prime Minister Hun Sen and Thai Prime Minister Prayut Chan-o-cha travelled together from Thailand’s

  • Thousands attend CNRP-organised pro-democracy vigil in South Korea

    Thousands of supporters of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) on Saturday gathered in the South Korean city of Gwangju to hold a candlelight demonstration calling for the “liberation” of democracy in Cambodia. Yim Sinorn, a CNRP member in South Korea, said on

  • US Embassy: Chinese trade does not help like the West’s

    The US Embassy in Phnom Penh on Friday said relations between China and Cambodia did not create jobs or help industry when compared to the trade between the Kingdom and the US. “About 87 per cent of trade [with China] are Chinese imports, which do not

  • Vietnamese land-grabbers held

    Following a provincial court order, Ratanakkiri Military Police on April 16 arrested 12 Vietnamese nationals accused of crossing the border into Cambodia and illegally clearing forest land. The accused are now being detained at Phnom Svay prison in the province. Ratanakkiri military police commander Thav Yen told