I would like to express my gratitude to every shareholder who has been with us in ourjourney together. It gives me immense pleasure and pride to share with you the performanceof your company in the financial year 2019-20.
During the financial years 2019-20 the Company evolved to be sustainability strongerdespite being the world being hit by a global pandemic. Business continuitysustainability and enhancing our current offerings are the mantras for the Company.
On a consolidated basis in the financial year 2019-20 the Company reported revenuesof INR 1966 Mn EBITDA stood at INR 89 Mn and Net profit was reported at INR 14 Mn.
The global logistics industry is expected to reach a value of $6537 Billion by 2025growing at a CAGR of 4.7% during 2020-25. As per recent articles and reports this isprimarily going to be driven by multiple segments and one of them that stands out ise-commerce. The end of 2019 and the start of 2020 faced trade uncertainties due to overallstress across economies. Trade sentiments have been severely dampened across segments dueto this pandemic. However due to continuous efforts by governments across countriestrade is expected to take a U shaped recovery. The logistics sector also faced a slowdownconcerning low trade volumes across ports. However the Indian Logistics sector has strongroots to grow because of the demand visibility across Industries and Supply which can beaccessed through the investment initiatives undertaken by the government and other playersin this sphere.
While land and ship cargo transportation remain as favorable options goods transportby air is considered as the quickest and the unhindered mode of transportation. Weak tradeactivity across the globe has resulted in lower air freight volumes globally. Despitebeing a costlier and faster mode of transport air freight finds its market acrossperishables chemicals valuables and the rising demand for just in time for goods whichhas created a massive demand for air freight transportation. However due to the currentongoing crisis supply chains have been impacted amid low capacity levels at airlines.With easing lockdowns across economies it can be witnessed that there has been a revivalin export orders and manufacturing activities. Looking at the Indian air cargo industryit is poised for significant growth on the back of both the strength of India's economicgrowth and many other drivers of growth in India's commerce trade investment andconsumption which include significant demand from small and medium B2B segments. WithUnlock 4.0 where the majority of the companies are running at 75% of capacity utilizationwe expect a faster pick up overall trade activities. East West Freight Carriers which isthe wholly-owned subsidiary of East West Holding has been expanding its overall productofferings by providing value-added services to its clients to transform itself as an endto end complete logistics solutions provider. East West has been taking structural stepsto expand its network across the globe for its air freight business. We have beenconsistently offering more value to our customers to create a more sustainable offering.On the ocean freight business the company has recently entered into an agreement toacquire a private entity called Marinetrans India Pvt. Ltd. which is engaged in offeringfreight forwarding services to Europe Africa Gulf and Middle East countries. On thecompletion of the acquisition EWHL is expected to add 15000 container capacity to itsexisting ocean freight business hence translating into additional revenues of INR 1200 Mn.
On behalf of the entire East West Holdings Team I express my sincere thanks to all ourstakeholders for their whole-hearted support in our journey to achieving businessexcellence. I am confident that with the strength of our core capabilities and a dynamicteam of professionals your company is well-positioned for a great journey ahead.