Multi Ways Holdings Announces First Half 2024 Unaudited Financial Results, Provides Corporate Updates
Multi Ways Holdings Limited (MWG)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announces first half 2024 unaudited financial results and provides corporate updates. Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways, commented, “In the first half of 2024, we navigated a challenging landscape marked by constraint on the container supply, intensified competition, and shifting buyer preferences. Despite a marginal decrease in net revenue, it’s noteworthy that our gross profit margin improved to 33.09%, demonstrating our resilient to optimisation on our key revenue stream. We’ve also observed a growing trend of buyers opting for rentals, which account for 25.0% of our revenue. While our net income improved in the first half of 2024 was primarily attributable to the non-recurring of fee in con
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MWG
Sec Filings
- 12/31/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/12/24 - Form 6-K
- MWG's page on the SEC website