Profit Margins

Poor economy affects Water PNG performance

Board Chairman, William Sweet, told Loop PNG that 2016 has been a challenging year for them as they have not been able to meet all their targets.

This largely due to non-payment of services.

“A lot of profit margins have dropped simply because payments are owed, and a lot of them are government facilities.

“But we also have some private sectors that are also struggling and so we appreciate that times are a bit hard at the moment so we are trying to be patient but at the same time we all have to earn the money to pay for the services,” says Sweet.