Vicom profit up 7.7% at $28.4m
Firm sees demand for testing services easing on higher deregistrations
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention