Phenomenal Growth Marks Royal Group's Success in 2023

In 2023, the Royal Group Phnom Penh Special Economic Zone (PPSP) witnessed a remarkable surge in its net profit, soaring to $7.88 million, m...

In 2023, the Royal Group Phnom Penh Special Economic Zone (PPSP) witnessed a remarkable surge in its net profit, soaring to $7.88 million, marking a staggering 276% increase from the previous year.

Mr. Hong Sohour, the Royal Government Representative overseeing the Cambodia Securities Exchange, emphasized the extraordinary potential of Royal Group Phnom Penh SEZ. He advocated for long-term investments, citing the company's substantial growth trajectory amidst favorable market conditions.

Speaking at the "Listed Companies Forum," Mr. UEMATSU Hiroshi, CEO of Royal Group Phnom Penh SEZ, attributed the company's success to strategic leadership under Chairman Duke Kith Meng. He highlighted increasing investor interest and the expansion of operations, including the acquisition of additional land for the Royal Group Kandal SEZ project.

The company's expansion efforts extend beyond land acquisition, with plans underway for the establishment of Toyota assembly plants and other ventures. Mr. UEMATSU Hiroshi expressed optimism about the future operational capacity and economic impact of these investments.

Echoing Mr. Sohour's sentiments, Mr. Hong Sohour emphasized the importance of adopting a long-term investment approach. He underscored the discrepancy between the company's growth trajectory and its current stock valuation, urging investors to capitalize on the favorable market conditions.

The "Listed Companies Forum" serves as a platform to foster direct engagement between investors and company leadership. By providing valuable insights and fostering transparency, the forum aims to bolster investor confidence and facilitate informed decision-making.

The Royal Group Phnom Penh Special Economic Zone's exceptional performance in 2023 underscores its position as a key player in Cambodia's economic landscape. With strategic leadership, expansion initiatives, and a commitment to long-term growth, the company continues to attract investor interest and drive economic development.