Logo of Phnom Penh Post newspaper Phnom Penh Post - Water authority sees net profit more than halve

Water authority sees net profit more than halve

Content image - Phnom Penh Post
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.

MOST VIEWED

  • First deportees of the year touch down in Cambodia

    Twenty-five Cambodian-Americans landed in Phnom Penh on Wednesday, marking the first such deportations of the year. “On Wednesday, US law enforcement authorities deported 25 Cambodian nationals that immigration judges determined had no legal basis to remain in the US,” said Arend Zwartjes, spokesperson for the US

  • Qatar Airways to connect Doha and Siem Reap town

    Qatar Airways Company QCSC has announced a new route connecting Qatar’s capital Doha with Siem Reap, a move hailed by local officials as a significant step to boost tourist numbers. A Qatar Airways representative, speaking at the Kuwait Aviation Show, announced on Thursday that

  • Sokha defence denies Tech’s claims

    ON DAY two of Kem Sokha’s treason trial, lawyers for the government said the defence had raised questions in an attempt to allow their client to make a public statement and a conclusion to the case, something his legal team denied. Ky Tech, a

  • Cambodian general visits Myanmar to enhance national defence cooperation

    Royal Cambodian Armed Forces (RCAF) commander-in-chief Vong Pisen is now in Myanmar leading a delegation that aims to improve ties, particularly in national defence, with the fellow Asean member. The timing of Pisen’s four-day visit to the Southeast Asian neighbour is highly symbolic, with

  • Sokha’s treason trial begins

    The treason trial of Supreme Court-dissolved Cambodia National Rescue Party (CNRP) president Kem Sokha began at the Phnom Penh Municipal Court on Wednesday with the presentation of a two-minute video clip. The footage, which was the basis of the charge against him, was dismissed by

  • Probe underway after wreckage of drone with Chinese characters found

    Air Force Command spokesman Prak Sokha said on Sunday that investigations are underway regarding the wreckage of a drone that was recovered in Koh Kong province’s Koh Sdech commune in Kiri Sakor district. The wreckage has been taken to the capital for further examination,