Second Quarter Report of PESTECH (Cambodia) PLC in 2021

By February 22, 2021Latest News

Disclosure Details:

The Board of Directors of the company wishes to announce that the revenue for the 3 months financial period ended 31 December 2020 recorded at KHR 35,924 million representing a decrease of KHR 8,229 million or 18.6% as compared to KHR 44,153 million for the preceding year corresponding quarter.

For the 6 months financial period under review, the revenue recorded at KHR 110,158 million representing an increase of KHR 23,782 million or 27.5% as compared to KHR 86,376 million for the preceding year corresponding period. The movement of the revenue for the quarter and period was mainly derived from phases of execution of existing contracts.

Despite higher revenue for the 6 months financial period under review, loss before tax in current quarter under review was recorded at KHR 1,657 million as compared to profit before tax of KHR 31,143 million in the preceding year corresponding quarter, representing a decrease of KHR 32,800 million or 105%. This is due to the financing requirement of the build-transfer projects.

Please refer to the attached files for more details.