Vicom's Q2 profit drops 8.3% to S$6.07m

Singapore

VICOM'S net profit for the second quarter ended June 30 fell 8.3 per cent to S$6.07 million from the corresponding period last year, as revenue slipped 5.2 per cent to S$24.08 million on lower business volumes. But the company declared a higher interim dividend as it revised its payout policy.

Vicom is the vehicle inspection and testing unit of land transport giant ComfortDelGro, and Singapore's vehicle population has fallen from 12 months ago.