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

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.

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