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Multi Ways Holdings Limited ( (MWG) ) just unveiled an update.
Multi Ways Holdings Limited reported its financial results for the first half of fiscal year 2024, showing a slight decline in revenue by 1.95% due to container supply constraints, but a significant improvement in net income, achieving $0.08 million compared to a $4.75 million loss in the previous year. The company’s gross profit margin increased to 33.09%, primarily driven by higher revenue contributions from its rental equipment segment, while the operating profit margin improved significantly due to the absence of IPO-related fees incurred last year.
More about Multi Ways Holdings Limited
Multi Ways Holdings Limited is a prominent supplier of heavy construction equipment, offering sales and rental services primarily in Singapore and the surrounding regions.
YTD Price Performance: 36.16%
Average Trading Volume: 181,479
Technical Sentiment Consensus Rating: Buy
For detailed information about MWG stock, go to TipRanks’ Stock Analysis page.
