16 Aug 2018
Phnom Penh Special Economic Zone (PPSP) and Sihanoukville Autonomous Port (PAS) ¬– both public companies listed in Cambodia’s nascent stock market – reported solid growth during the first half of the year.
According to financial reports filed to the Cambodia Stock Exchange (CSX), total revenue at PPSP reached $3.32 million in the first half of the year, up from $2.36 during the same period last year – an increase of more than 40 percent.
In the second quarter alone, PPSP’s revenue jumped by more than 134 percent, reaching $2.12 million.
“We faced significant challenges during the first half of the year, but we put some strategies in place to ensure we add value to our shareholders and revenue continues to grow,” chairwoman Lim Chiv Ho said.
“The main factor behind the sharp increase in revenue was a good performance of our land selling and leasing operations.
“In the future, we will try to increase revenue from renting and other services,” she added.