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Asia Pacific Wire & Cable Corp - $APWC STOCK NEWS

Welcome to our dedicated page for Asia Pacific Wire & Cable news (Ticker: $APWC), a resource for investors and traders seeking the latest updates and insights on Asia Pacific Wire & Cable stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Asia Pacific Wire & Cable's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Asia Pacific Wire & Cable's position in the market.

Rhea-AI Summary

Asia Pacific Wire & Cable reported its full-year 2023 financial results and filed its annual report for 2023, revealing a revenue decrease of 1.9% to $425.8 million. The operating profit declined by 80.8% to $1.5 million, while net income remained flat at $3.9 million. The company saw revenue increases in the Rest of World region but experienced declines in the Thailand and North Asia regions. Overall, the financial performance was impacted by government spending reductions, the Sino-American trade war, and increased competition.

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2.98%
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Rhea-AI Summary
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) announced its financial results for the nine months ended September 30, 2023, with revenues of $294.2 million, a decrease of 5.3% from 2022. Operating profit fell by 97.1% to $0.1 million, and net income increased by 93.8% to $1.1 million. The Company's financial condition showed a decrease in cash and cash equivalents, an increase in short-term bank loans, and a decrease in shareholder's equity.
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Rhea-AI Sentiment
End-of-Day
10.4%
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Rhea-AI Summary
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) announced financial results for the six months ended June 30, 2023. Revenues decreased by 6.7% to $193.5 million. Operating loss was $2.8 million, a decrease of 255.6%. Net profit was $0.02 million, compared to a net loss of $(0.3) million. Cash and cash equivalents were $39.0 million, compared to $54.0 million. Shareholder's equity was $147.5 million, compared to $151.6 million.
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Asia Pacific Wire & Cable Corp

Nasdaq:APWC

APWC Rankings

APWC Stock Data

29.28M
3.83M
80.96%
1%
0.01%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States of America
Taipei

About APWC

asia pacific wire & cable corporation limited, through its subsidiaries, manufactures and distributes telecommunications, power cable, and enameled and electronic wire products in singapore, thailand, australia, the people's republic of china, and other markets in the asia pacific region. the company offers telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as street lights, traffic signals, and other signs. it also provides enameled wire for use in the assembly of a range of electrical products consisting of oil-filled transformers, refrigerator motors, telephones, radios, televisions, fan motors, air conditioner compressors, and other electric appliances. in addition, the company distributes wire and cable products; and offe