Hattha Kaksekar Ltd posts 49.28 per cent increase in net profit

Cambodia Securities Exchange-listed (CSX) Hattha Kaksekar Limited (HKL), a microfinance institution (MFI), posted a 49.28 per cent increase in net profit in the first quarter of this year, according to a financial report filed on the stock exchange.

This is HKL’s first public financial report since the company listed on CSX late last year.

The report shows that HKL received a net profit of more than $6 million in the first quarter of this year – up from more than $4 million in the same period last year.

HKL CEO Him Vibol told The Post on Tuesday that the boost was due to an increase in loan issuance and deposits.

“This, together with consumer confidence, increases net profit,” he said.

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