VSTECS net profit up 22.3%

TheStar Fri, Nov 06, 2020 08:30am - 3 years View Original


During the quarter in review, the information & communications technology (ICT) distributor’s revenue rose 16.7% to RM536.4mil from RM459.6mil in the previous corresponding quarter.

PETALING JAYA: VSTECS Bhd’s net profit rose 22.3% to RM10.1mil for the third quarter (Q3) ended Sept 30,2020, from RM8.3mil in the corresponding quarter last year amid robust demand for work-from-home devices.

During the quarter in review, the information & communications technology (ICT) distributor’s revenue rose 16.7% to RM536.4mil from RM459.6mil in the previous corresponding quarter. It saw increase in revenue contribution from all business segments.

VSTECS declared an interim dividend of 2.5 sen per share, payable on Dec 16.

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