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Vicom posts 3.1% increase in Q3 profit

VEHICLE-TESTING and inspection company Vicom saw its net profit for the third quarter ended Sept 30, 2015, edge up 3.1 per cent year on year to S$7.38 million.

This was despite a 6 per cent fall in revenue to S$25.38 million

Earnings per share came to 8.32 Singapore cents, up from 8.08 cents a year ago.

"Demand for vehicle testing services is expected to be lower with more vehicles likely to be deregistered during the year," Vicom said. "Demand for non-vehicle testing services is expected to fall with the slowdown in some industries."