Markets.News
Multi Ways Holdings Ltd. (NYSEAMERICAN: MWG) experienced a significant surge of 48.72% in after-hours trading, reaching $0.38 following the release of its first-half 2025 financial results. The Singapore-based company reported a notable increase in net revenue, reaching $26.44 million for the six months ending on June 30, marking an 87.65% rise from the previous year's $14.09 million. This growth was attributed to robust equipment sales, driven by local infrastructure projects, orders obtained in 2024, and vigorous marketing strategies. The company also disclosed a substantial rise in net income, soaring by 1,025% year over year to $0.90 million from $0.08 million. Despite the positive financial performance, there were mentions of margin pressure amid this growth trend. For more details, the full story can be accessed on Benzinga.com.