Bermuda’s Asia Pacific Wire posts first-half net loss
Created: Aug 27, 2024 02:52 PM (Updated: Aug 28, 2024 09:32 PM)
Net loss: Asia Pacific Wire & Cable Corporation provides services in calibration and testing, but also renewable energy system integration, together with bare and enamelled wires and communication and power cables
Asia Pacific Wire & Cable Corporation Ltd, the holding company incorporated in Bermuda, has reported a net loss attributable to APWC shareholders of $0.5 million for the first six months of 2024.
That compares with a net profit of $0.02 million for the six months ended June 30, 2023.
Revenues for the first half of 2024 were $214.3 million, an increase of 10.8 per cent from $193.5 million for the same period in 2023.
Operating profit was $1.2 million, an increase of 144.7 per cent compared with the operating loss of $2.8 million for the prior year period.
APWC is a manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region.
Royal Gazette has implemented platform upgrades, requiring users to utilize their Royal Gazette Account Login to comment on Disqus for enhanced security. To create an account, click here.
You must be Registered or to post comment or to vote.
Published August 27, 2024 at 2:52 pm (Updated August 28, 2024 at 9:32 pm)
Bermuda’s Asia Pacific Wire posts first-half net loss
Users agree to adhere to our Online User Conduct for commenting and user who violate the Terms of Service will be banned.
