The company, which is in both aviation and logistics, notes that its financial position has improved significantly.
Earnings for FY2021 ended Dec 2021 was $8.9 million, versus $8.7 million recorded in the preceding FY2020. Operating profit, excluding non-recurrent items, was $12.651 million and $2.345 million for FY2021 and FY2020 respectively.
Revenue in the same period was up 74.8% to a record of $617.3 million.
Its cash and equivalent, as at end Dec 31 2021, was $53.265 million, which exceeds its current market cap of $47 million, which, in turn, meets one of the minimum $40 million required of companies exiting the watch-list.
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A-Sonic shares closed on June 29 at 67 cents, down 0.75% for the day and up 10.83% year to date.
