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NEWS UPDATES Asean Affairs   14  March  2016  

PPAP’s Q4 profits flat, but revenue still growing

Cambodia’s third listed firm Phnom Penh Autonomous Port reported $461,600 in net profit for the quarter ending December 2015, showing a less than 1 per cent increase compared to the same period in 2014, and despite seeing an increase in quarterly revenues.

In a listing made on the Cambodia Securities Exchange yesterday, the country’s second-largest port saw a 12.5 per cent increase in revenues for the last quarter of 2015, increasing from $3.3 million for the same period in 2014 to $3.7 million.

Net profits, or profit after tax, for the quarter was up a fraction from $461,650 to $459,445 in 2014. Despite the sluggish quarterly increase in profits, the port firm showed a close to 50 per cent increase in annual profits for 2015, which increased from $2.14 million in 2014 to $3.18 million last year.

Annual revenues also increased to $15.1 million in 2015 from $13.2 million in 2014, an increase of 14 per cent.

The river port listed on the Cambodia Securities Exchange to much fanfare in early December 2015, with the report showing that the firm raised $5.19 million through its initial float of 20 million shares, which minus the transaction costs increased the port’s coffers by $4.29 million.

In the short time that it has been listed, PPAP reported a $0.03 and $0.19 earnings per share for the fourth quarter and year, respectively.

The port’s stock price remained unchanged yesterday at 5460 riel, or $1.37.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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