A-Sonic Aerospace Ltd was listed on the Mainboard in 2003 as a supplier of aircraft systems and aerospace components. Today, the company is mainly engaged in logistics. It operates in 29 cities in 15 countries, spanning four continents in Asia, North America, the Indian sub-continent and Europe. Around 70-75% of the logistics business is wholesale and 25-30% retail. Margins are higher for retail due to additional service provided including warehousing, trucking, custom clearance, insurance, etc.
A-Sonic Aerospace provides logistic solutions, including international and domestic multi-modal transportation, warehousing distribution, customs clearance and airport ground services.
Revenue comprises air and sea freight, transportation, custom clearance, documentation, cartage, handling and transfers and delivery of goods. These services are recognised at a point in time when control over the goods to be shipped is transferred to the customer and the timing of which is determined by the delivery and shipping contractual terms.
Almost 100% of the revenue is derived from the logistics segment (Figure 2).