However, Vicom has declared an interim dividend of 13.12 cents per share for the period, some 64% higher than the interim dividend of 8.00 cents per share paid a year ago.
In a filing to SGX on Monday, the group announced that, with immediate effect, its dividend policy has been revised to a payout ratio of 90% of earnings, from the previous policy of 50%.
As at end June, cash and cash equivalents stood at $100.9 million.
Looking ahead, Vicom says business conditions are expected to remain challenging as the vehicle testing business continues to face a high de-registration rate.
In addition, the group says its non-vehicle testing business will continue to weaken with the general slowdown in the industries it serves.
Shares of Vicom closed 2 cents higher at $5.69 on Monday.
