Asia Pacific Wire & Cable Corp reports 9M EPS 5c vs. 3c last year

Reports 9M revenue $294.2M vs. $310.7M last year. APWC reported $38.5M in cash and cash equivalents as of September 30, 2023, compared to cash and cash equivalents of $54M as of December 31, 2022. Current assets totaled $275.1M as of September 30, 2023, compared to $299.5M as of December 31, 2022. Working capital was $147.8M as of September 30, 2023. Short-term bank loans were $57.1M at September 30, 2023, an increase of 25.3% from $45.6M at December 31, 2022. The Company had $2.8M in long-term debt outstanding at September 30, 2023, compared to $12.2M in long-term debt as of December 31, 2022. Shareholder’s equity attributable to APWC was $145.1M as of September 30, 2023, compared to $151.6M as of December 31, 2022.