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Water authority sees net profit more than halve

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CSX listings in August last year. CSX-listed Phnom Penh Water Supply Authority (PWSA) recorded a fall in net profit of more than 53 per cent year-on-year. Heng Chivoan

Water authority sees net profit more than halve

Cambodia Securities Exchange- (CSX) listed Phnom Penh Water Supply Authority (PWSA) recorded a fall in net profit of more than 53 per cent year-on-year, according to an unaudited report released on the stock exchange.

PWSA’s net profit was around $2.3 million in the second quarter of this year, down from $4.9 million during the same period last year, said the report,.

It cited fluctuations in foreign exchange rates as the main reason for the decline.

The firm’s revenue in the second quarter reached $14.3 million, down 8.54 per cent from $15.65 million in the second quarter of last year, it said.

At market close on Monday, the CSX index rose 0.017 per cent from 621.77 points on Friday to 621.88 points.

Out of the five listed stocks, only Phnom Penh Autonomous Port (PPAP) rose – to 9,240 riel ($2.26).

PWSA, Grand Twins International (Cambodia) Plc (GTI), Phnom Penh Special Economic Zone (PPSP) and Sihanoukville Autonomous Port (PAS) remained stable at 6,060 riel, 4,780 riel, 2,750 riel and 13,800 riel, respectively. The total trading value was 5,020,700 riel.