Phnom Penh, May 17, 2024 – CAMGSM PLC., commercially known as “Cellcard,” Cambodia’s leading homegrown mobile operator, proudly announces its outstanding performance in the first quarter of 2024, as reflected in its financial results for the period ending March 31, 2024.

The Q1 Report for the Financial Year 2024 highlights a significant surge in profits compared to the same quarter in the previous year, showcasing the company’s robust financial standing and operational success.

Key highlights of the Q1-2024 financial performance include after-tax profits, rising by 25 billion riels, signifying an impressive 66% growth compared to Q1-2023. Similarly, Cellcard reported a remarkable total comprehensive income surge of 32 billion riels, demonstrating an outstanding 123% increase compared to the same period in 2023.

Driving Digital Transformation in Cambodia
In alignment with the Cambodian government’s vision and in support of the pentagonal strategy, Cellcard actively participated in several significant events in Q1 2024, including the Digital Government Forum 2024, organized by the Ministry of Post and Telecommunications (MPTC). The event gathered experts to discuss new trends in digital technologies and the acceleration of digital transformation, and the 2nd National Science, Technology & Innovation (STI) Day, organized by the Ministry of Industry, Science, Technology and Innovation (MISTI). The event, targeting predominantly Small and Medium Enterprises, provided a great platform for Cellcard to showcase its commitment to innovation and technological advancement.

Advancing Connectivity and Innovation
Cellcard’s recent enhancements in network infrastructure have led to significant improvements in coverage, internet speeds, and overall customer experience. With the deployment of additional sites across ten provinces and the implementation of IBS and Microcells solutions, Cellcard customers can enjoy faster and more reliable connectivity for their day-to-day activities.

Simon Perkins, CEO of Cellcard, commented, “Winning the OpenSignal awards shows we’re on the right path, and it is good to be recognized for all the hard work put in by the Cellcard Teams and our network partners’ teams. It is paying off. We’re very excited to once again receive the OpenSignal citation and look forward to getting some positive feedback from our customers.”

Expanding Product Offerings and Enhancing Customer Experience
In addition to expanding its network across Cambodia, Cellcard successfully launched Cellcard Home Wi-Fi, offering customers the ultimate internet experience with high-speed local content streaming and fiber optic internet bundled with extra benefits on the mobile network.
With over 50 awards and accolades, Cellcard continues to lead the market with its commitment to providing top-quality services and offers to customers. The company’s focus on value, flexibility, quality, reliability, security, privacy, and customer experience has enabled it to adapt to changing consumer trends and offer innovative solutions.

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