Phnom Penh, Cambodia [21st August 2024] – CAMGSM PLC., Cambodia’s mobile and broadband operator, today announced its financial results for the second quarter of 2024. Despite challenges in the telecom industry and new regulations from relevant authorities, the company has shown remarkable resilience and strategic adaptability. CAMGSM PLC. has achieved significant milestones, including the expansion of its portfolio with a comprehensive home internet offer.

“CAMGSM PLC. saw a notable increase in total assets of 11% to 2,847 billion Riels, thanks to strategic investments in network infrastructure and expansion. Although total liabilities grew by 13% to 1,654 billion Riels, the company’s shareholder equity also rose by a commendable 8% to 1,193 billion Riels, underscoring its strong financial position. CAMGSM PLC. experienced a 19.29% increase in profit for the period of the first half of 2024 compared to the same period last year. This growth reflects the company’s successful strategic repositioning in response to the new telecom regulations, such as the limit of five SIM cards per identification card (ID) and competitive pressures. The company remains committed to building a sustainable long-term business through ongoing investments in network expansion, digital services, and enhanced customer experience.”

“We are proud of our team’s dedication and resilience in navigating a dynamic market,” said Simon Perkins, CEO of the ICT Division of the Royal Group of Companies. “Our strategic pivot towards expanding the home internet services, coupled with innovative marketing initiatives, has positioned us for sustained growth and profitability.”

CAMGSM PLC. remains committed to delivering exceptional value to its customers, employees, and shareholders while contributing to Cambodia’s digital transformation.

The full report is available at the Cambodia Stock Exchange website: http://csx.com.kh/

For more information, please email: investor_relations@cellcard.com.kh