Vicom profit up 7.7% at $28.4m

VICOM'S net profit for the year ended Dec 31, 2013 has risen 7.7 per cent to $28.4 million, as revenue climbed 8.1 per cent to $105 million. No fourth quarter numbers were released.

The unit of land transport giant ComfortDelGro is involved in vehicle inspection and testing services. Demand for Vicom's services have increased in tandem with Singapore's vehicle population as it grows to an all-time high.

Earnings per share rose to 32.17 cents from 29.95 cents a year ago. Net asset value per share rose to 145.86 cents from 132.1 cents 12 months earlier.