Posted: 18 February 2004
A-Sonic reports higher profit, giving 1-for-5 bonus issue
By Chan Hwa Loon, Channel NewsAsia
SINGAPORE : A-Sonic Aerospace is rewarding its shareholders with a 1-for-5 bonus issue, after reporting higher earnings.

The aircraft retrofitter has reported a 25 percent rise in full-year net profit to over S$8m despite revenue falling 8 percent to S$24m.

For the current year, the company expects to remain profitable. - CNA