May Kunmakara
Phnom Penh Post
REVENUES at Phnom Penh Water Supply Authority (PPWSA) increased by about 5 percent year on year in 2009 but remained under target, said officials.
Representatives from PPWSA told the Post Tuesday that unaudited revenues for 2009 reached more than US$25 million, from an audited $24 million in 2008, ahead of a scheduled initial public offering on Cambodia's new stock exchange later this year.
Officials said that the growth was parallel with the enlargement of its network to the outskirts of the city, but remained below expected 2009 revenues of $26 million.
In 2009, PPWSA attracted 12,000 new customers out of its planned target of 15,000.
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