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Asia Pacific Wire & Cable Sees Revenue Surge in 2024

Asia Pacific Wire & Cable Sees Revenue Surge in 2024

Asia Pac Wire &Cable (APWC) has released an update.

Asia Pacific Wire & Cable Corporation Limited reported a significant rise in revenues for the first nine months of 2024, reaching $336.6 million, marking a 14.4% increase compared to the previous year. Despite a surge in operating profit by 3970%, the company saw a slight decline in net income, attributed to economic conditions affecting Thailand. With a strong cash position and reduced short-term debt, APWC remains a key player in the wire and cable industry across the Asia-Pacific region.

For further insights into APWC stock, check out TipRanks’ Stock Analysis page.

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