Asia Pacific Wire & Cable Corporation Ltd. reported large increases in sales and net income for the first six months of 2010, as the company reported strong demand for its products.
Asia Pacific Wire & Cable reported sales of $210.9 million in the six month period ending 6/30/2010, compared to sales of $150.7 million in the six month period ending 6/30/2009.
The company reported net income of $7.4 million, or $0.54 per diluted share, in the six month period ending 6/30/2010, compared to net income of $3.8 million, or $0.27 per diluted share, in the corresponding period in 2009.
The management of Asia Pacific Wire & Cable Corporation Limited attributed the strong year over year results to increased demand for the company’s enameled wire and power cable products.
Asia Pacific Wire & Cable Corporation Limited reported cash and cash equivalents of $43.2 million at 6/30/2010, up from $41.5 million at the end of 2009. The company’s book value was $9.74 per share as of the end of June 2010.
Asia Pacific Wire & Cable Corporation Limited is a manufacturer of fiber optic and copper cable and wire products for industrial use, and for the build out of infrastructure for power and telecommunications networks.
For more information on the company, go to www.apwcc.com