Managing director Datuk Gan Sem Yam said the group’s performance was expected to be lower for the year ending July 31,2020, compared to the preceding year due to the current challenging environment.
PETALING JAYA: VS Industry Bhd
’s net profit slid 12.5% to RM33.2mil for its second quarter ended Jan 31,2020 from RM37.9mil in the corresponding quarter of the preceding year on lower sales orders from key customers.
During the quarter in review, its revenue fell 16.2% to RM820.3mil from RM979mil previously, while earnings per share fell to 1.79 sen from 2.11 sen.
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