A-Sonic Aerospace Ltd 2020 AR2
The report highlights A-Sonic Aerospace Limited's business and financial performance for the fiscal year 2020, during which the company navigated the challenges of the COVID-19 pandemic. The Group recorded a consolidated profit before tax of US$7.920 million, representing a 127.5% increase compared to FY 2019, driven primarily by its logistics business. A-Sonic's logistics business operating under the 'A-Sonic Logistics' and 'UBI Logistics' brands performed strongly due to higher freight rates, while its aviation business unit experienced losses. The company also emphasized its commitment to sustainability, focusing on economic performance, ethical conduct, and employee wellness, with plans to publish a standalone sustainability report.
Company: A-Sonic Aerospace Ltd
Sector: Transport & logistics
Country: Singapore
Year: 2020
Type: AR2
Pages: 118
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A-Sonic Aerospace Ltd
Annual Report
The report highlights A-Sonic Aerospace Limited's business and financial performance for the fiscal year 2020, during which the company navigated the challenges of the COVID-19 pandemic. The Group recorded a consolidated profit before tax of US$7.920 million, representing a 127.5% increase compared to FY 2019, driven primarily by its logistics business. A-Sonic's logistics business operating under the 'A-Sonic Logistics' and 'UBI Logistics' brands performed strongly due to higher freight rates, while its aviation business unit experienced losses. The company also emphasized its commitment to sustainability, focusing on economic performance, ethical conduct, and employee wellness, with plans to publish a standalone sustainability report.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees