SINGAPORE (Aug 12): A-Sonic Aerospace saw 2Q losses widened to US$789,000 ($1.1 million) from US$706,000 a year ago.
For the half-year period though, net losses halved to $1.05 million even as total revenue fell 18.6% to US$84.5 million.
Revenue for the quarter to June fell 12.8% to US$44.5 million on the back of lower business volumes in its aviation business, and lower freight rates in its largest segment, the logistics business.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)