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Second quarter earnings (2018) of VICOM Limited

VICOM Limited (SGX: V01) is a leading provider of technical testing and inspection services in Singapore. Yesterday, the company announced its financial results for the second quarter ended 30 June 2018.<br><br><a href="https://www.mmfsolutions.sg/"> MMF Solutions </a>

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Second quarter earnings (2018) of VICOM Limited

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  1. Second-Quarter Earnings 2018 VICOM Limited www.mmfsolutions.sg

  2. 01 VICOM Limited (SGX: V01) is a leading provider of technical testing and inspection services in Singapore. Yesterday, the company announced its financial results for the second quarter ended 30 June 2018. www.mmfsolutions.sg

  3. Financial highlights Revenue Revenue for the latest quarter grew 2.4% year- on-year to S$24.7 million, up from S$24.1 million a year ago. VICOM said the rise in revenue was due to higher business volumes www.mmfsolutions.sg

  4. Financial highlights Operating costs Total operating costs increased by 1.3% to S$17.3 million. Consequently, operating profit went up 5.1% to S$7.4 million. www.mmfsolutions.sg

  5. Financial highlights Net profit Net profit rose from S$6.1 million last year to S$6.2 million in the 2018 second quarter, climbing 2.9%. As a result, basic and diluted earnings per share for the latest quarter was 7.05 cents, up from 6.85 cents in the corresponding quarter last year. www.mmfsolutions.sg

  6. Financial highlights Net profit Net profit rose from S$6.1 million last year to S$6.2 million in the 2018 second quarter, climbing 2.9%. As a result, basic and diluted earnings per share for the latest quarter was 7.05 cents, up from 6.85 cents in the corresponding quarter last year. www.mmfsolutions.sg

  7. Financial highlights Cash and cash equivalents As of 30 June 2018, VICOM had S$97.9 million in cash and cash equivalents with no debt. In comparison, as of the end of 2017, it had S$107.5 million in cash and cash equivalents with zero borrowings. The fall in cash balance was primarily due to higher payment of dividend, which was offset by profits generated from operations. www.mmfsolutions.sg

  8. Financial highlights Operating cash flow Operating cash flow for the reporting quarter fell by 13.6%, from S$6.0 million to S$5.2 million, mainly due to negative working capital changes. With capital expenditure increasing from S$746,000 to S$780,000, VICOM’s free cash flow fell from S$5.2 million to S$4.4 million. www.mmfsolutions.sg

  9. Financial highlights Interim dividend An interim dividend of 13.46 cents per share was declared, a 2.6% increase from 13.12 cents dished out last year. The latest dividend payout, which is more than the free cash flow per share for the quarter, could suggest that VICOM does not see the need for the extra cash on its balance sheet. www.mmfsolutions.sg

  10. thank you. www.mmfsolutions.sg

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