Phnom Penh Special Economic Zone saw operating profit slide 12 percent in the third quarter. It earned $526,666 in the three months ending September 30, compared with 598,666 in the same period a year earlier. The drop in profits comes in spite of a 136 percent rise in revenue to $5,888,293, according to unaudited figures released after the stock market closed on Thursday.
PPSP operates a 357 hectare SEZ in the capital with more than 80 international companies from 15 countries.
On a nine-month basis revenue slid 24 percent to $9,418,774 and it recorded an operating loss of $397,489.
The company is listed on the Cambodia Securities Exchange under the ticker PPSP. It has not paid a dividend since the end of the previous financial year.
Its shares ended Thursday unchanged at 2,000 riels a share. The results were announced after the market closed.
Sihanoukville Autonomous Port saw a 1 percent drop in 3-month operating profit to the dollar equivalent of $5,119, calculated at Friday’s exchange rates. Revenue rose 9 percent to $21,510.
PAS operates Cambodia’s main deep sea port, covering 125 hectares.
In the first nine months of 2021 operating profit was up 22 percent to $14,514. Revenue rose 12 percent to $62,589.
It left its total dividend unchanged at $2,992.
PAS rose 0.59 percent on Thursday to 13,580 riels per share. The results were announced after the market closed.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.