Revenue Update on Asia Pacific Wire & Cable(NASDAQ:APWC)

Asia Pacific Wire & Cable(NASDAQ:APWC) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jun 30, 2016. Earnings per share were $0.02.

Asia Pacific Wire & Cable (APWC) shares turned negative on Tuesdays trading session with the shares closing down -0.3915 points or -15.40% at a volume of 2,400. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.43. The peak price level was also seen at $2.43 while the days lowest was $2.1501. Finally the shares closed at $2.1501. The 52-week high of the shares is $2.6989 while the 52-week low is $1.09. According to the latest information available, the market cap of the company is $30 M.

Asia Pacific Wire & Cable Corporation Limited (APWC) is a holding company. The Company through its operating subsidiaries and associates is engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable enameled wire and electronic wire products in the Asia Pacific region primarily in Thailand China Singapore and Australia. The Company operates in three segments: North Asia region the Thailand region and the Rest of the World (ROW) region. It manufactures and distributes its own wire and cable products (Manufactured Products) and also distributes wire and cable products (Distributed Products) manufactured by its principal shareholder Pacific Electric Wire & Cable Co. Ltd. (PEWC) and other third-party suppliers. It manufactures and markets a range of wire and cable products in four categories: telecommunications cable power transmission cable enameled wire and electronic wire.

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