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Mixed Q3 results for PPAP, GTI and PAS

Sangeetha Amarthalingam / Khmer Times Share:
KT/Chor Sokunthea

Publicly-listed Phnom Penh Autonomous Port (PPAP), Grand Twins International (GTI) and Sihanoukville Autonomous Port (PAS) produced mixed third quarter results based on their respective filings to the Cambodian Stock Exchange.

State-owned PPAP saw net profit for Q3, which ended Sept 30, surge 60.25 percent compared to the same quarter last year, reaching $3.80 million.

Its earnings per share rose to 0.18 cents compared to 0.11 cents in Q3FY17, PPAP said in a filing with the local bourse today.

Quarterly revenue grew 1.32 percent to $5.91 million.

Net profit for the first nine months of the year rose by 47.43 percent to reach $5.98 million.

Revenue during the nine-month period expanded by 8.07 percent compared to 2017, equalling $15.24 million.

Meanwhile, GTI’s net profit for Q3 contracted by 33.48 percent to $857,150. Its earnings per share dipped to 0.02 cents compared to 0.03 cents in 3QFY17.

In a filing with CSX yesterday, the garment manufacturer showed revenue rising 68.12 percent to $33.67 million.

During the first nine months of the year, GTI’s net profit declined 53.82 percent to $1.17 million, while revenue rose 29.17 percent to $80.72 million.

On the other hand, net profit at PAS during Q3 rose by 27.77 percent, totaling $4.98 million. Earnings per share stood at 0.058 cents versus 0.045 cents last year.

Quarterly revenue went up 17.56 percent to reach $17.45 million.

From January to September, net profit surged 118.42 percent to $7.28 million. Revenue for the nine-month period grew 21.62 percent to $49.69 million.

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