For the Financial Year 2011, VICOM has achieved a profit growth of 14.2% to achieve a profit after taxation of $25.5m. While revenue increases by 8%, operating expense increases only by 6.4%, thus resulting in a 14.2% profit growth. Operating profit margin and net profit margin reach a new record of 33% and 28.1% respectively.

For the balance sheet, Cash and Bank Balances increases by 6 million to reach a high of $55m and of course without any debt. Trade receivables increases from $7m to $10.5m. Vehicles, Premises and Equipment increases from $49m to $55.5m, likely due to the finished construction of new building at Teban Garden.

FCF is at $18m due largely to purchase of Vehicles, Premises and Equipment of $12m. For ...