VICOM's profit up 7.5% in Q1
The group’s revenue also grew by 18.9% to $33m.
VICOM, a subsidiary of ComfortDelGro, reported a 7.5% year-on-year (YoY) increase in profit after tax and interest to $7.5m for the first quarter of the financial year 2025.
The group attributes this to higher operating profit, which grew 8.7% YoY to $9m due to higher revenue.
Revenue increased 18.9% YoY to $33m, driven by higher revenue from the company’s OBU project and increased testing volume from the manufacturing and construction sectors.