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Vicom's FY2020 earnings down 13.8% to $24.5 mil; to pay final dividend of 6.22 cents

The Edge Singapore
The Edge Singapore • 2 min read
Vicom's FY2020 earnings down 13.8% to $24.5 mil; to pay final dividend of 6.22 cents
Vicom plans to pay a first and final dividend of 6.22 cents per share, vs final 6.07 cents, adjusted, paid for FY2019
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Vicom, which provides testing and inspection services for vehicles and business customers, has reported earnings of $24.5 million for FY2020 ended Dec 31 2020, down 13.8% from the preceding FY2019.

Revenue in the same period was $86.5 million, down 16.6%.

Vicom points out that without government reliefs of some $7.7 million, its operating profit of $21.6 million for 2020 was $12.6 million or 36.8% lower than 2019.

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