Multi Ways Holdings Secures $17.6 Million Leasing Deal with Singapore's Ministry of Defence, Strengthening its Growth Prospects https://t.co/BcDx4cXp0i
“I am pleased to report strong sales growth in fiscal year 2022. These results reflect the strong demand for our equipment and services throughout Singapore and the region in 2022."
"As we just completed our initial public offering, we are investing in expanding and renewing our fleet of heavy construction equipment to meet this growing demand. I am confident that these investments will help us continue to grow and succeed in the years to come.”
Revenues increased 15% to approximately $38.4 million; Gross profit was approximately $9.7 million, with a 25.4% profit margin; Net income of approximately $1 million $MWG
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Multi Ways Holdings Limited Delivers Fiscal Year 2022 Revenue of $38.4 Million, Up 15% Year-over-Year, Driven by Greater Local Demand in Singapore https://t.co/Aaz7HddI5k