Press Release on Afcom expanding Asia footprint with strategic Vietnam foray
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Afcom Holdings has launched a new international cargo route to Hanoi, Vietnam, effective July 2, 2025, marking its entry into the Vietnamese market. Alongside this, the company has signed an interline agreement with Viet Jet, a Vietnamese airline, enabling seamless cargo connectivity between India, South Korea, Taiwan, and Hong Kong via Vietnam. The move targets high-growth trade lanes, with South Korea and Taiwan noted as two of the fastest-growing regional corridors and Hong Kong remaining a key hub for e-commerce and high-value cargo into India. For FY25, the company reported total income of ₹24,254.16 lakhs, EBITDA of ₹7,260.82 lakhs, and net profit of ₹4,842.23 lakhs. The company currently operates two Boeing 737-800 BCF aircraft and offers cargo services across multiple ASEAN countries.
This expansion diversifies Afcom's revenue base into a new geography and adds a key strategic hub in Southeast Asia, potentially improving route efficiency and customer reach. For shareholders, it signals growth-oriented execution and access to fast-growing trade lanes, which could support future revenue and margin expansion if volumes ramp up.