Disclosure Details:
| Unless otherwise defined, terms used in this announcement shall carry the same meanings as set out in the previous announcement dated 13 December 2021 in relation to the Decision on Dividend Distribution (“Announcement”).
We, PESTECH (Cambodia) PLC (“PEPC”), refer to the abovementioned Announcement, and hereby provide further details on the Dividend Distribution to the shareholders and public. Please refer to the attachment below. |
Disclosure Details:
| 1 – Type of Dividend | Cash |
| 2 – Total Dividend Amount | USD487,142.50 |
| 3 – Dividend Payout Ratio | 31% |
| 4 – Dividend Per Share | USD0.0065 |
| 5 – Dividend Period | Annually |
| 6 – Record Date | 2021-12-20 |
| 7 – Payment Date | 2021-12-28 |
| 8 – Date of Resolution | 2021-12-13 |
| 9 – Description | Following the approval granted by the Shareholders at the General Shareholders’ Meeting held on 10 December 2021 on the dividend distribution, PESTECH (Cambodia) PLC (“PEPC”) would like to inform that the Board of Directors had approved the following:
Record Date: 20 December 2021 |
| 10 – Reason | None |
Disclosure Details:
| 1 – Date of Meeting | 2021-12-10 10:00 |
| 2 – Agenda | 9:00 a.m. Registration of Shareholders, Outline the meeting agenda and presentation on the voting process.
10:00 a.m. Opening Speech by Chairman 10:15 a.m. Report of Annual Business Performance for financial ended 30 June 2021 by Chief Executive Officer and Question and Answer Session 11:00 a.m. Approval of the following resolutions: 11:50 a.m. Collect Ballot Paper, Coffee Break, Announcement of Voting Results 12:30 p.m. End of Meeting |
| 3 – Results in Points | The meeting reviewed, discussed and approved as follows:
1. Approval on the remuneration of the Board of Directors (95.62%) |
| 4 – Other | Ms. Lynda Pan, the Corporate Secretary called the Meeting to order at 10:00 a.m. briefed the Shareholders who were present of the Meeting house rules. She then introduced the Board of Directors and Group Chief Financial Officer.
Mr. Paul Lim Pay Chuan, the Chairman was invited to deliver his opening speech. Thereafter, Mr. Han Fatt Juan, the Chief Executive Officer presented the Annual Business Performance for the financial year ended 30 June 2021 to the Shareholders. The Corporate Secretary informed the Chairman that the requisite quorum being present in accordance with the Article 37 of the Company’s Articles of Incorporation, the Chairman declared that the Meeting duly convened. The Corporate Secretary then went through polling procedures of the Meeting. The Chairman presented the following resolutions to be voted by way of poll: 1. Approval on the remuneration of the Board of Directors; The Chairman announced that the polls were opened and the Shareholders were required to cast their votes on the ballot paper that was distributed during the registration. The Shareholders were invited to a coffee break while waiting for the poll results. In conclusion, the Shareholders agreed to pass all ten (10) resolutions. The Meeting was adjourned at 12:30 p.m. |
Disclosure Details:
| 1 – Type of Shareholders’ Meeting | Ordinary General Shareholders Meeting |
| 2 – Date and Time of Meeting | 2021-12-10 10:00 |
| 3 – Venue | Phokethra 1, Sofitel Phnom Penh Phokeethra, 26 Old August Site, Sothearos Blvd, Sangkat Tonle Bassac, Khan Chamkamorn Phnom Penh, Kingdom of Cambodia. |
| 4 – Agenda | 1. Approval on the remuneration of the Board of Directors; 2. Approval on the re-election of Mr. Paul Lim Pay Chuan, Executive Chairman, in accordance with Article 18.1 of the Company’s Articles of Incorporation; 3. Approval on the re-election of Mr. Lim Ah Hock, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation; 4. Approval on the re-election of Mr. Han Fatt Juan, Executive Director/Chief Executive Officer, in accordance with Article 18.1 of the Company’s Articles of Incorporation; 5. Approval on the re-election of Mr. Charles Tan Pu Hooi, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation; 6. Approval on the dividend distribution of USD0.0065 per share for the financial year ended 30 June 2021; 7. Approval on authority to declare and distribute dividend for the financial year ending 30 June 2022; 8. Authority to Issue shares pursuant to the Company’s Articles of Incorporation; 9. Approval on the change of registered office’s address; and 10. Approval on the amendments to the Company’s Articles of Incorporation by deleting the old Articles in its entirety and replace with the new Articles, details of which are set out as per Annexure A. |
| 5 – Record Date | 2021-11-17 |
| 6 – Date of Resolution | 2021-11-11 |
| 7 – Other | N/A |
Disclosure Details:
| Period | Quarter | |||
| 1 – Details of Changes | Current Quarter | Previous Quarter | Change Amount | Change Rate (%) |
| – Sales Amount | KHR 74,157 million | KHR 74,448 million | (KHR 291 million) | (0.39%) |
| – Operating Profit | KHR 7,848 million | KHR 6,786 million | KHR 1,062 million | 15.65% |
| – Net Profit/Loss | KHR 4,468 million | (KHR 1,295 million) | KHR 5,763 million | 445.02% |
| 2 – Shareholder Equity | ≥30 Billion KHR | |||
| 3 – Description | Increase in Net Profit | |||
| 4 – Reason | The profit after tax for the current quarter under review was KHR 4,468 million as compared to loss after tax of KHR 1,295 million in the preceding year corresponding quarter, representing an increase of KHR 5,763 million or 445.02%. The increase is mainly contributed by the recognition of finance income for contract assets amounting to KHR2,984 million (Q1 FY2021: Nil) and lower finance cost due to repayment of ring fenced term loans commencing FY2020. | |||
Disclosure Details
First quarter report of PESTECH (Cambodia) PLC (“PEPC”) in FY2022
In the first quarter of FY2022, the total revenue of PECP is KHR74,157 million representing a slight decrease of KHR291 million or 0.39% as compared to KHR74,448 million for the first quarter of FY2021.
The revenue for the 3 months financial period ended 30 September 2021 recorded at KHR74,157 million representing the execution progress of various project in Cambodia. The revenue recorded is comparable to the preceding year corresponding quarter due to exchange rate difference.
At the end of September 2021, the total asset is KHR1,191,789 million representing an increase of KHR24,907million or 2.13% as compared to KHR1,166,882 million in the financial year ended 30 June 2021 and total equity is KHR100,208 million representing an increase of KHR6,311 million or 6.72% as compared to KHR93,897 million in the financial year ended 30 June 2021.
The significant indicators in the first quarter of FY2022 are as follows:
1. Current Ratio: 0.92%
2. Quick Ratio: 0.90%
3. Return on Assets: 0.37%
4. Return on Equity: 4.46%
5. Gross Profit Margin: 14.79%
6. Profit Margin: 6.03%
7. Earnings per Share: KHR 59.62
Disclosure Details:
PESTECH (Cambodia) PLC (“PEPC”) wishes to inform that amendments were made to the Annual Report in 2021 (Khmer version) as per following segments as attached:
1. Financial Statements Audited by the External Auditor – Report of the Board of Directors – The Company
2. Financial Statements Audited by the External Auditor – Report of the Board of Directors – Results of Operation
3. Financial Statements Audited by the External Auditor – Group’s Statement of Financial Position – Non-Current Borrowings (USD)
4. Financial Statements Audited by the External Auditor – Group’s Statement of Financial Position – Non-Current borrowings (KHR)
5. Financial Statements Audited by the External Auditor – Group’s Statement of Financial Position – Total Equity and Liabilities (USD)
6. Financial Statements Audited by the External Auditor – Company’s Statement of Financial Position – Total Assets (KHR)
7. Financial Statements Audited by the External Auditor – Company’s Statement of Financial Position – Non-Current Borrowings (USD)
8. Financial Statements Audited by the External Auditor – Operating Segment
9. Financial Statements Audited by the External Auditor – Cash and Bank Balances – Company (KHR)
10. Financial Statements Audited by the External Auditor – Share Capital
11. Financial Statements Audited by the External Auditor – Risk Management Objectives and Policies
Please refer to the attachments for information.
Disclosure Details:
For the financial year ended 30 June 2021, PESTCH (Cambodia) PLC (“PCL”) has total revenue of KHR273,628 million representing an increase of KHR70,614 million or 34.78% as compared to KHR203,014 million in the financial year ended 30 June 2020.
At the end of 30 June 2021, PCL has total assets of KHR1,166,882 million representing an increase of KHR150,770 million or 14.84% as compared to KHR1,016,112 million in the financial year ended 30 June 2020 and total equity is KHR93,897 million representing an increase of KHR23,940 million or 34.22% as compared to KHR69,957 million in the financial year ended 30 June 2020.
The significant indicators for the financial year ended 30 June 2021 are as follows:
1. Current Ratio: 0.90%
2. Quick Ratio: 0.88%
3. Return on Assets: 0.51%
4. Return on Equity: 6.37%
5. Gross Profit Margin: 16.34%
6. Profit Margin: 2.19%
7. Earnings per Share: KHR 75.86
Disclosure Details:
| Period | Fiscal Year | |||
| 1 – Details of Changes | Current Fiscal Year | Previous Fiscal Year | Change Amount | Change Rate (%) |
| – Sales Amount | KHR 273,628 million | KHR 203,014 million | KHR 70,614 million | 34.8% |
| – Operating Profit | KHR 31,033 million | KHR 64,680 million | (KHR 33,647 million) | (52.0%) |
| – Net Profit/Loss | KHR 5,980 million | KHR 29,443 million | (KHR 23,463 million) | (79.7%) |
| 2 – Shareholder Equity | ≥30 Billion KHR | |||
| 3 – Description | Increase in Revenue Decrease in Operating Profit Decrease in Net Profit |
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| 4 – Reason | The revenue for the financial year 2021 recorded at KHR 273,628 million representing an increase of KHR70,614 million or 34.8% as compared to the financial year 2020 recorded at KHR203,014 million. The increase was mainly derived from execution of electrical infrastructure projects in Cambodia and Papua New Guinea.
The decrease in operating profit from KHR 64,680 million in financial year 2020 to KHR 31,033 million in financial year 2021, representing a decrease of KHR 33,647 million or 52.0% was mainly due to higher profit margin attributable to completion of two major projects in financial year 2020. Net profit recorded at KHR5,980 million, representing a decrease of KHR23,463 million or 79.7% as compared to the net profit for the financial year 2020 at KHR29,443 million. Higher net profit in financial year 2020 was due to higher profit margin attributable to completion of two major projects. |
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Disclosure Details:
PESTECH (Cambodia) PLC (“PEPC”) would like to inform that at the Board of Directors’ Meeting held on 12 August 2021, the Board had determined the dividend of USD0.0065 per share in respect of the financial year ended 30 June 2021. The dividend may be subjected to change in accordance with the audit results of the external auditor and the resolution of the general meeting of shareholders.
The record date and payment date will be announced at a later date