Vicom posts 31% rise in net profit; proposes special dividend

Singapore

VEHICLE inspection firm Vicom on Monday posted a 30.9 per cent rise in net profit to S$34.7 million for its full year ended Dec 31, 2018.

This was despite revenue rising a mere 3.1 per cent to S$100.1 million, on higher business volumes.

Its bottom line was bolstered mostly by other income amounting to S$7.7 million. This stemmed from its gain on the surrender of lease of its property at 18 Teban Gardens Crescent to JTC, af…