A reduction in orders from key customers in Malaysia, China and Indonesia continued to weigh on the earnings of electronic manufacturing services (EMS) provider VS Industry Bhd as its net profit for the second financial quarter ended Jan 31, 2024 (2QFY2024) almost halved from the previous corresponding quarter.
The reduced orders, which was also the same reason the group cited for the fall in the previous 1QFY2024 earnings, affected the overall utilisation rate of its production capacity, VS Industry said in a filing to Bursa Malaysia on Wednesday.
TheEdge27 Mar, 2024 18:47pm - 1 month