VICOM Ltd (WJP.SI), a leading vehicle inspection company in Singapore, saw its stock surge 3.14% in pre-market trading on Tuesday. This significant uptick comes on the heels of the company's impressive third-quarter financial results, which were released after market close on Monday.

According to the report, VICOM's profit after taxes and minority interests for the third quarter ended September 30 jumped to S$9.9 million, marking a substantial 45% increase year-on-year. The company's revenue also saw a robust growth of 36% in Q3, reaching S$41.6 million. This stellar performance was primarily attributed to the increased installation works of on-board units in vehicles, part of Singapore's initiative to refresh its Electronic Road Pricing system.

The market's positive reaction to these results is particularly noteworthy, considering that VICOM's stock had closed 0.6% lower at S$1.59 on Monday, prior to the earnings announcement. The pre-market surge suggests that investors are optimistic about the company's growth trajectory and its ability to capitalize on government-led infrastructure upgrades in Singapore's transportation sector. As the trading day progresses, it will be interesting to see if VICOM can maintain this upward momentum and how it might impact the broader Singapore market.