Phnom Penh Water Supply Authority (PWSA) reported a 17% increase in net profit for the financial year ending December 31, 2023, according to its latest financial filings on the Cambodian Securities Exchange (CSX). The water distributor's overall revenues also grew 12.9% YoY, reaching KHR392.1 billion ($96.5 million) for 2023, compared to KHR347.3 billion in 2022. The company's performance in the most recent quarter shows a rise in net profits of over 50% compared to the previous year. In Q4 2023, PWSA recorded a KHR35.2 billion ($8.7 million) net profit, marking a 59.3% net profit growth at the end of 2023. The company's revenue grew 13.7% to KHR104.9 billion ($25.8 million), compared to 92.3 billion riel ($22.7 million) in the same period of 2022. PWSA's director general, Long Naro, announced that the authority now has a production capacity of about 1 million cubic meters per day, sufficient to supply clean water to the entire population of Phnom Penh. (ICE BANGKOK)

Fonte notizia: Khmer Times