Vicom's Q2 net gain up 5.5% at S$7.23m

VEHICLE inspecting and testing services provider Vicom has reported net profit for the second quarter ended June of S$7.23 million, up 5.5 per cent from S$6.85 million a year ago. This was on the back of revenue rising 2.4 per cent, to S$27.26 million from S$26.62 million.

For the six months ended June, net profit rose 6.5 per cent to S$15.24 million; revenue rose 2.9 per cent to S$54.16 million. A tax-exempt, one-tier interim dividend of 8.75 Singapore cents per ordinary share was declared, to be paid on Aug 26.

On the repairs and maintenance front, the group notched S$357,000 for the second quarter of 2014, compared with S$535,000 a year ago - a 33.3 per cent drop. Its materials and consumables rose 2.7 per cent to S$768,000 from S$748,000 a year ago; contract services fell 20 per cent, to S$1.04 million from S$1.3 million.