VS Industry sees higher export orders

Ng (left) and Gan after the company's AGM on Tuesday.

Ng (left) and Gan after the company's AGM on Tuesday.

KULAI: VS Industry Bhd , an electronics manufacturing services provider, is optimistic of business outlook for the financial year ending July 2016 as it anticipates increasing export orders this year.

Managing director Datuk Gan Sem Yam said the company had received encouraging feedback from key customers on potentially larger orders to start soon.

“This is in line with positive sales expectations on their part, as consumer sentiment in the US market continues to strengthen.

“We are upbeat on prospects for this year, which would see us record a year of sturdy financial performance and satisfactory shareholders’ returns,” Gan told reporters after the company’s AGM in Senai on Tuesday.

Meanwhile, executive director Ng Yong Kang said the company was in talks with new clients in US and some major Europe countries to export niche products.

“The new potential clients are involved in high-technology end-products and we hope to close the deals by July this year at least,” he said.

Shareholders on Tuesday approved a final single-tier dividend of 1.2 sen per share for financial year ended July 31, 2015 which will be paid on Jan 29, 2016. 

VS Industry is engaged in full service contract manufacturng and product assembly, as well as printed circuit board assembly for leading international consumer electronic brands. - Bernama