Vicom LTD’s profit after tax up 44% to $10.5m in Q3

In the first nine months, the vehicle inspection service’s PATMI stood at $4.5m.

Vicom LTD’s profit after tax rose to $10.5m in the third quarter, representing a 44% year-on-year increase from $6.9m.

Over the same period, the company saw a $9.9m profit after tax and minority interest (PATMI), 45% higher year on year.

In the first nine months, Vicom’s PATMI stood at $4.5m due to higher operating profit offset by lower interest income and higher provision, the firm said.

Its nine-month revenue stood at $24.7m, driven by the OBU project and strong demand in the testing business.

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