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Vicom posts 30.2% decline in 1H20 earnings to $9.7 mil

Felicia Tan
Felicia Tan • 2 min read
Vicom posts 30.2% decline in 1H20 earnings to $9.7 mil
No interim dividend was declared for 1H20 in a bid to conserve cash amid the pandemic-induced uncertainties. In comparison, the company declared an interim dividend of 3.5275 cents for 1H19.
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Vehicle inspection services provider Vicom saw its earnings for 1H20 ended June fall 30.2% to $9.7 million from $13.9 million a year ago.

Revenue for the same period fell 22% y-o-y to $39.8 million due to lower business volumes impacted by the global pandemic.

As a result, earnings per share (EPS) for 1H20 stood at 2.74 cents compared to the 3.92 cents in the same period last year.

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