Cambodia's listed water supplier records revenue up 25 pct last year

Cambodia's listed water supplier records revenue up 25 pct last year

The listed Phnom Penh Water Supply Authority (PPWSA) earned total revenues of 36.9 million U.S. dollars in 2012, up 25 percent year-on-year, according to the firm' s unaudited financial statement on Wednesday.

The report said that the firm's net income after tax was 8.56 million U.S. dollars last year, a 39 percent rise from 6.16 million U.S. dollars in a year earlier.

Speaking during the 1st annual meeting of the PPWSA on Wednesday, the firm's chairman Meng Saktheara said the remarkable growth in revenue was attributed to good management and increase in water supply to customers.

The firm predicted that it would make revenue of about 37.5 million U.S. dollars in 2013.

The PPWSA is a state-owned enterprise. It is the first and only enterprise that listed on the Cambodian Securities Exchange, which was launched trading in April last year.

xinhuanet