Vibrant's (SGX:BIP) attributable profit to owners for the fiscal first half ended Oct. 31 surged 56% to SG$5.2 million from SG$3.3 million a year earlier, according to a Friday filing with the Singapore Exchange.
Shares of the integrated logistics services provider were down nearly 1% in Monday trading.
Earnings per share rose to SG$0.0076 compared with SG$0.0049 in the comparable period.
Revenue, meanwhile, dropped 10% year over year to SG$71.0 million from SG$78.7 million, due to a decline in freight business activities.