VS Industry managing director Datuk S.Y. Gan said the operating environment has been very difficult in the current financial year.
KUALA LUMPUR: Electronics manufacturing services (EMS) provider V.S. Industry Bhd
posted net losses of RM19.52mil in the third quarter ended April 30,2020 due to the impact of the movement control order (MCO) but it expects an improvement in the current quarter as operations went into full swing.
It said on Tuesday, the net losses were in contrast with a net profit of RM31.37mil a year ago. Its revenue fell by 43% to RM505.65mil from RM888.26mil a year ago. Loss per share was 1.05 sen compared with earnings per share of 1.74 sen a year ago.
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