Asia Pac Wire &Cable (APWC) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Asia Pacific Wire & Cable Corporation Limited reported a significant turnaround with revenues increasing by 10.8% to $214.3 million in the first half of 2024, compared to the same period in 2023. The growth was driven by higher sales in the Thailand and North Asia regions, attributed to economic expansion and the start of new product lines. Despite an increase in revenues, the company experienced a net loss of $0.5 million and a decrease in cash and cash equivalents, suggesting challenges in profitability and cash flow management.
For further insights into APWC stock, check out TipRanks’ Stock Analysis page.