Vicom’s 3Q earnings fall 5.9% to $6.4 mil on lower revenue

As at end September, cash and cash equivalents stood at $99.4 million.

Looking ahead, Vicom says its vehicle testing business is expected to remain stable.

Meanwhile, the group says the Land Transport Authority’s move to cut vehicle growth rate to 0% will have no immediate impact on its vehicle testing business.

Shares of Vicom closed 4 cents higher at $5.85 on Wednesday.