Asia Pacific Wire & Cable Corporation (NASDAQ:APWC)

Asia Pacific Wire & Cable Corporation Limited, announced unaudited consolidated results for the second quarter and first half ended June 30, 2011.

Asia Pacific Wire & Cable Corporation is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia. The Company also provides project engineering services in the supply, delivery and installation (”SDI”) of power cables to certain of its customers.



APWC reported strong financial results in the second quarter and the first half of 2011 in spite of a slight decrease in the copper price. The majority of the Company’s products and services are used in industrial, power and telecommunications infrastructure in the growing Asia-Pacific region. The Company revenues were $148.7 million, an increase of 40.3% from $106.0 million in the same period a year ago, and an increase of 22.1% from $121.8 million in the first quarter of 2011. Also the Company’s gross profit increased to $16.4 million, an increase of 15.1% from $14.2 million from the second quarter of 2010, and 26.1% from $13.0 million in the prior quarter.

Asia Pacific Wire & Cable Corporation manufactures and distributes its own wire and cable products and also distributes wire and cable products (”Distributed Products”) manufactured by its principal shareholder, Pacific Electric Wire & Cable Company, a Taiwanese company (”PEWC”).

For more info about Asia Pacific Wire & Cable Corporation visit http://www.apwcc.com/

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VimpelCom Ltd. (NYSE:VIP), a leading international provider of telecommunications services, announces that its Supervisory Board declared the payment of an interim dividend of US$0.45 per American depositary share ("ADS") in relation to its 2011 results. Each ADS represents one common share. The total interim dividend payment will be approximately US$733 million. The record date for the Company's shareholders entitled to receive the interim dividend has been set for December 1, 2011. The ex-dividend date is November 29, 2011. The Company will make appropriate tax withholdings of up to 15% when the dividend is paid to the Company's ADS depositary, The Bank of New York Mellon. The dividend will be paid by the Company before December 31, 2011.

VimpelCom Ltd. operates as an integrated telecommunications services provider, offering voice and data services through a range of wireless, fixed, and broadband technologies.

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