VS Industry warns of weaker profit on declining orders
KUALA LUMPUR: VS Industry Bhd warned its profit outlook for the coming quarters has weakened as its operations in Malaysia is affected by declining order flow from a key customer.
Meanwhile, the group’s factories in China remained under-utilised
“Given the aforementioned circumstances, the board opines that the financial performance of the group in the second half of the financial year ending July 31, 2019 (FY19) will be affected by the anticipated lower sales order,” it said.
The integrated electronics manufacturing services company, in a filing with Bursa Malaysia on Friday, said net profit in the first quarter ended Oct 31 fell 7% to RM39.8mil on flatish revenue of RM1.07bil.
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