Profits dip for water authority
Second-quarter net profit for the exchange-listed Phnom Penh Water Supply Authority dropped nearly 26 per cent to $2 million from the same quarter a year ago, according to the most recent financial report released on October 11.
Sim Sitha, the director-general of PPWSA, said the decrease was largely due to new investments and expansion.
The same report also showed that in the second quarter of 2013, PPWSA had total revenue of $9.2 million, an increase of 19.1 per cent from the same period in 2012. …
For the six-month period ending June 30, PPWSA’s total revenues came to around $19 million, with profits of $5.5 million, representing respective increases of 24.3 per cent and 29.6 per cent against the corresponding period in 2012. …
May Kunmakara
http://www.phnompenhpost.com/business/profits-dip-water-authority
