State-owned Phnom Penh Water Supply Authority (PPWSA) reported revenue growth of more than 6 percent in 2018, which has been attributed to investments in pipe expansion.
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According to a report filed to the Cambodia Securities Exchange (CSX) on Monday, PPWSA’s revenue last year was $61.64 million, a 6.7 percent hike compared to 2017’s $58.1 million.
Kim Sophanita, acting director of CSX’s market operations department, said “I think PPWSA’s share price still has more room to rise. In order to attract more investors, the company must continue its good business performance and must consider giving out attractive dividends to shareholders.”
PPWSA was the first company to list on the local bourse. Publicly traded since 2012, PPWSA has now been joined by four other companies.
Moreover, last year microfinance institution Hattha Kaksekar issued the country’s first corporate bond.
CSX closed 2018 at an all-time high of 480.98 points, rising 40 percent year-on-year for a market capitalisation of $442.92 million (1.77 trillion riel) on the back of robust trading in the tail-end of the second half of the year.
Ms Sophanita said trade at the local bourse rose significantly last year due to the presence of more participants.
“2018 was a great year. Our index increased 40 percent, market capital increased 44 percent, and our daily average trading value and total number of trading accounts doubled.”