ComfortDelGro’s VICOM net profit up 6.1% in 2024

The group’s revenue also grew by 6.8%

Vicom, a subsidiary of ComfortDelGro, reported a 6.1% increase in net profit to $29.3m for the year ending 31 December 2024, up $1.7m from the previous year.

The group’s revenue also grew 6.8% to $119.5m, whilst operating profit rose 4.8% to $34.6m.

“Our businesses showed great resilience in 2024,” said VICOM Chief Executive Officer Sim Wing Yew. “With strategic investments in new facilities and deliberate expansion of our non-vehicle testing capabilities, we are on track to implement our multi-year growth strategy and deliver sustainable returns for our shareholders.”

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