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."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won