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