However, the company warns that rising inflationary pressures and the tight labour market will however serve as pain points for the group for the rest of the year.
Vicom has reported earnings of $13.1 million for 1HFY2022, up 9.2% y-o-y. Revenue was up 8.5% to $53.3 million, as the company enjoyed better business in “tandem with the improving Singapore economy.”
According to Vicom, the improvement was especially so for its non-vehicle testing segment, which is “highly dependent on the recovery of the construction, marine & offshore, oil & gas and manufacturing sectors.”
