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Vicom reports 16.0% lower earnings of $6.2 mil for 1Q21

Felicia Tan
Felicia Tan • 2 min read
Vicom reports 16.0% lower earnings of $6.2 mil for 1Q21
Revenue in the same period fell 4.9% y-o-y and 1.4% q-o-q to $24.1 million.
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Vicom, which provides testing and inspection services for vehicles and business customers, has reported earnings of $6.2 million for the 1QFY2021 ended March, down 16.0% from earnings of $7.3 million from the year before.

Revenue in the same period fell 4.9% y-o-y and 1.4% q-o-q to $24.1 million.

The lower figure q-o-q was partly due to lower revenue from vehicle testing as backlog inspection of private cars deferred during the circuit breaker were completed by 4QFY2020.

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