Asia Pac Wire &Cable (APWC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
