Phnom Penh, Cambodia [28th August 2024] – CAMGSM PLC (Cellcard), Cambodia’s leading mobile and broadband operator, has recently announced its financial results for the second quarter of 2024 alongside exciting new developments for its customers.

Despite industry challenges, Cellcard demonstrated remarkable resilience and strategic adaptability. The company expanded its portfolio with a comprehensive home internet offer, achieved a notable increase in total assets (11%), and maintained a strong financial position (8% increase in shareholder equity).

While total Revenue decreased by 4% (7,343 million Riels) compared to Q2-2023 impacted by the decrease in provision of telecom services by 6,394 million Riels or 4%, operating profit remained stable (0.32% or 152 million Riels decrease compared to Q2-2023 mainly due to a decrease in Revenue offset with decrease in other operating costs.). Profit for the period decreased by 46% (15,368 million Riels) primarily due to lower interest income in Q2 2024.

Looking forward, Cellcard remains committed to the long-term growth through network expansion, digital services, and enhanced customer experience.

Marking a significant step forward, Cellcard unveiled its new Customer Experience Center on August 25th, 2024. This state-of-the-art facility, housed within the historic Royal Railway building, offers a one-stop-shop for telecommunications, banking, travel, and more, seamlessly blending tradition with technology.

On the same day, Cellcard was thrilled to introduce innovative new services to enhance customers’ digital lifestyle. To celebrate, Cellcard is launching its biggest giveaway ever – a chance to win a Tesla car, Honda GIORNO Plus Motorbikes, Apple MacBooks Pro M3, and Huawei MatePad 11.5 Tablets! This is a token of appreciation for existing customers and a warm welcome to new users. Join the Cellcard family and participate at https://bit.ly/SMSubtoWinSereyPlans. Furthermore, Cellcard is proud to introduce Cellcard’s New Faces: Ms. Pich Solikah, Mr. Picherith Morm, and Mr. Sambath Sok as its Brand Ambassadors!

Cellcard remains dedicated to delivering exceptional value to its customers, employees, shareholders, and contributing to Cambodia’s digital transformation journey.