I used to update Vicom results on my spreadsheet until I got lazy last year after I divested the shares.
That's the problem when you have no vested interest in the company. You started losing track of its progress by simply flipping through the quarterly results but didn't really track at the numbers.
So here I am restarting my update to the numbers on my spreadsheet since I have the time to do so today.
Both revenue and profits continue to drop in this quarter by 4.9% and 6.4% year on year after management stated more deregistering to come in the next few quarters.
One thing which I think they have done quite impressive is to immediately bring down the salary related costs almost equally as the drop in the topline. I think this is a provision to the bonus they might be getting rather than a cut ...