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Covid-19 loan restructuring driving bank profitability

Cambodia’s banking system reported higher earnings despite the pandemic as strong fundamentals sustain growth In late March, a momentum for loan restructuring slowly built up, culminating in some 16,000 microfinance loans approved for revision within two weeks in May, when only 2,000 to 4,000 applications are commonly recorded monthly.

Pestech posts slower 8% growth in revenue for Q1

Share Pestech (Cambodia) Plc reported 52.56 billion riel ($12.95 million) in total revenue for January-March, up by 8.02 per cent year-on-year. PESTECH Pestech posts ‘slower’ 8% growth in revenue for Q1 Thu, 20 May 2021 Stock-listed power transmission provider Pestech (Cambodia) Plc (PEPC) posted “slower growth” in business performance for the first quarter of the year with total revenue gaining just over eight per cent amidst the economic stress caused by the spread of Covid-19 pandemic. In its filing to the Cambodia Securities Exchange (CSX) on May 18, the company reported 52.564 billion riel ($12.950 million) in total revenue, representing an increase of 3.901 billion riel or 8.02 per cent as compared to 48.663 billion riel in the same quarter of 2020.

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