Asia Pacific Wire & Cable delivered first-quarter revenue of $130.8 million, a 30% increase from Q1 last year but a 2% decline from Q4. Gross profit reached $10.7 million, translating to an 8.2% margin, while net income of $1.4 million yielded EPS of $0.05.

North Asia sales totaled $23.9 million, up 26% year-on-year and 3% sequentially, driven by higher copper prices. Thailand revenue rose 41% year-on-year to $51.2 million and 12% sequentially on robust public-sector orders, while rest-of-world sales of $55.7 million were up 23% year-on-year but down 14% sequentially due to project timing.

Cash and equivalents increased by $40.1 million to $73.2 million following a $34.1 million rights offering. Trade receivables stood at $108.1 million and inventory at $150.6 million, while operating activities generated $1.6 million of cash inflow compared with a $1.9 million outflow in the prior quarter.