Phnom Penh Water Supply Authority, listed in the Cambodia Securities Exchange, posted a profit for financial period in twelve months last year rose by 46.32 percent to $31.7 million, as the water utility plans to increase drinkable water supplies to meet rapid demand in Phnom Penh and Takhmao city, Kandal province.
In its fourth quality filing to the Cambodia Securities Exchange (CSX), the PPWSA stated that for the twelve-month period ended 31 December 2021, PPWSA generated revenues amounting to $90.7 million, a 13.80 percent increase year-on-year.
The profit amounted to $31.7 million, a 46.32 percent increase compared to the twelve-month period ended December 31, 2020.
In the fourth quarter of 2021, PPWSA generated revenues amounting to $22.7 million increased by 6.67 percent quarter on quarter, the report stated, citing that profit for the financial period amounted to $5.3 million, a 16.86 percent increase quarter on quarter.
The PPWSA successfully performed all its business activities in the fourth quarter last year by gaining the trust from the government and the support from two parent ministries, said Oum Sotha, PPWSA’s chairman of the board.
“We have been continuing to develop the water service from day to day, both qualitatively and quantitatively, to meet the water demand for the population in Phnom Penh and the provincial town of Takhmao as well as to contribute to the development of the two municipalities,” Sotha, who is also Secretary of State at the Ministry of Industry, Science, Technology, and Innovation, said in the filing.
In the fourth quarter, PPWSA laid the main and distribution pipes of 66,895.09m and installed 5,912 new house connections, of which 376 connections were for the low-income whom the water utility always cares for, read the filing.
The capital water utility stated that the water loss accounted for 9.71 percent due to spread of Covid-19 disease, which was difficult to issue bills to the customers and pipe leakage caused by the development and repairs of many road infrastructures.
Sotha, in a recent talk with Khmer Times, said that PPWSA plans to build water treatment facilities and increase capacity of existing water treatment plants to meet demand for clean water.
One of which, the Bakheng water treatment plant, is under construction of its phase one. It is scheduled to come online by the end of this year, while the Takhmao water treatment plant is planned to scale up the capacity of clean water generation of 30,000 cubic metres per day.
Currently, the demand of clean water in Phnom Penh and Takhmao city is estimated at around 800,000 cubic metres per day, while capacity of all PPWSA’s water treatment plants is cumulatively about 600,000 cubic metres.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
