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Asia Pacific Wire & Cable
Corporation Limited
APWC, a leading
manufacturer of wire and cable products for the telecommunications and
electric-power industries in selected Asia-Pacific markets, today announced
consolidated financial results for the six months ended June 30, 2012.
Six Months Ended June 30, 2012 Financial Highlights:
o Revenues were $215.3 million, a decrease of 20.4% from $270.5 million in
1H 2011
o Gross profit was $22.8 million, a decrease of 22.4% from $29.3 million in
1H 2011
o Gross profit margin was 10.6%, compared with 10.8% in 1H 2011
o Net income attributable to APWC shareholders was $5.3 million, an increase
of 3% from $5.1 million in 1H 2011
o Basic and diluted earnings per share was $0.38, an increase of 2.7% from
$0.37 in 1H 2011
o $54.2 million in cash and cash equivalents at June 30, 2012
APWC's first half 2012 revenues were adversely impacted by the severe flooding
in Thailand that forced the temporary closure of many businesses in Thailand
during the first quarter, including the Company's Siam Pacific operations. As
of April 2012, the Company's Siam Pacific manufacturing facility in Thailand
was fully rehabilitated and is now functioning at full operating capacity.
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