Grand Twins International and Sihanoukville Autonomous Port reported big revenue gains during the first quarter of the year, while Phnom Penh SEZ experienced a drop in profits.
All three companies are listed in the Cambodia Stock Exchange (CSX) and filed their financial statements yesterday.
Revenue at Grand Twins International increased by 33 percent to reach $23 million.
“Orders from our customers abroad increased, and we also increased profits by offering sewing and packaging services to other local companies.
“In a nutshell, the increase in revenue during the first quarter was the result of a hike in sales and a decline in administrative expenses.
“We will keep building good relationships with customers to support our positive business performance,” the company told Khmer Times.
Sihanoukville Autonomous Port also reported a large increase in revenue during the first quarter of the year, moving from $12.4 million in the previous quarter to $14.81 million in Q1, a 19 percent increase.
