The profit generated from the business unit was offset by the company’s aviation losses of US$0.5 million, which was adversely impacted by the Covid-19 pandemic.
A-Sonic Aerospace posted earnings of US$4.8 million ($6.7 million) for 1H20 ended June, 499% higher than the US$808,000 posted a year ago.
The surge in earnings was mainly driven by a significant increase in the company’s logistics business unit, which registered US$5.4 million compared to the US$0.6 million a year ago.
