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Vicom reports 1HFY2024 earnings of $14.1 mil, 1.3% higher y-o-y

Felicia Tan
Felicia Tan • 2 min read
Vicom reports 1HFY2024 earnings of $14.1 mil, 1.3% higher y-o-y
An interim dividend of 2.8 cents per share has been declared for the 1HFY2024. Photo: Vicom
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Inspection and technical testing services company, Vicom (SGX:WJP) , a subsidiary of ComfortDelGro (SGX:C52) , has reported earnings of $14.1 million for the 1HFY2024 ended June 30, 1.3% higher y-o-y.

Revenue was up by 0.8% y-o-y to $56.3 million with growth seen in Vicom’s inspection and testing services and others. This was offset by lower rental income, which fell by 6.6% y-o-y to $1.2 million. Revenue for inspection and testing services inched up by 0.6% y-o-y to $54.1 million while other revenue was up by 18.2% y-o-y to $1.0 million.

Operating profit was up by 1.6% y-o-y to $16.8 million.

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