A-Sonic, units likely to post losses for Q1

MAINBOARD-LISTED logistics and aerospace player A-Sonic Aerospace said in an early-morning announcement yesterday that the company and its subsidiaries are expected to post losses for the first quarter ended March 31, 2014. It did not elaborate.

For the fourth quarter ended Dec 31, 2013, A-Sonic posted net profit of US$212,000 - reversing a US$1.96 million net loss in the same year-ago period. Turnover slipped 19.5 per cent to US$61.85 million. A-Sonic posted earnings per share of 0.03 US cent in Q4…