VICOM has announced their FY18 full year results on 11th February 2019. I do not own VICOM in my stock portfolio, however I have previously added VICOM to my wife’s stock portfolio as the stock price of VICOM is fairly stable and requires little monitoring. If you did not know, VICOM is a subsidiary of ComfortDelgro. VICOM currently makes up 11 percent of my wife’s entire stock portfolio.
The financial results was a piece of good news as a final dividend of 23.17 cents and special dividend of 8.62 cents was declared. Based on the current share price of S$6.28, this translates to a dividend yield of 5.06%.
The Group’s operating profit of $39.7 million for 2018 was $9.2 million or 30.3% higher than 2017. VICOM’s cash flow remains strong as the net cash outflow in 2018 was $3.4 million after dividend payments.
FY18 Full Year Financial Results
VICOM’s total revenue of $100.1 million for 2018 was $3.0 million or 3.1% higher than 2017 due to higher business volumes.
There is a one off other income of $7.7 million for 2018 which was derived from gain on the Surrender of Lease of the Property at 18 Teban Gardens Crescent to Jurong Town Corporation less provision for relocation costs to the new building.
| 31 Dec 2018 | 31 Dec 2017 | 31 Dec 2016 | |
| Revenue ($mil) | 100.1 | 97.0 | 101.2 |
| Operating Profit ($mil) | 39.7 | 30.5 | 32.4 |
| Profit Before Tax ($mil) | 41.1 | 32.0 | 34.0 |
| Profit After Tax & Non-controlling interests | 34.7 | 26.5 | 28.2 |
| Earnings per share (cents) | 39.15 | 29.90 | 31.77 |