Covid-19 drags Vicom 1H earnings down by 30% to $9.7m

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SINGAPORE - The circuit breaker period, which brought vehicle inspection business down to a trickle, dragged Vicom's half-year profits down by 30 per cent to $9.7 million.. Read more at straitstimes.com.

SINGAPORE - The circuit breaker period, which brought vehicle inspection business down to a trickle, dragged Vicom's half-year profits down by 30 per cent to $9.7 million.

Despite operating cost falling by 17 per cent to $28.4 million and the Government's Covid-19 relief of $3.8 million, the huge revenue lost during the stay-home period, from April to June, impacted the bottom-line adversely.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines