Vicom's Q3 profit down 7.9% to S$6.8m

VICOM'S net profit for the third quarter ended Sept 30, 2016, fell 7.9 per cent to S$6.8 million as revenue inched up 0.1 per cent to S$25.41 million.

Vicom is a unit of land transport giant ComfortDelGro. It provides vehicle inspection and testing services.

Earnings per share (EPS) were 7.67 Singapore cents, down from 8.32 Singapore cents.

No dividend has been declared.

For the first nine months, net profit slid 11.3 per cent to S$20.73 million, with revenue falling 5.9 per cent to S$76.17 million.

The year-to-date EPS were 23.39 Singapore cents, down from 26.38 Singapore cents.