KUALA LUMPUR: V.S Industry Bhd’s net profit fell 3.8% to RM54.12mil in the fourth quarter ended July 31 against RM56.26mil in the same period last year.
Its pretax profit grew by 45.7% to RM71.3mil over the same period. The company attributed the improved earnings to much smaller losses from the operations in China following restructuring and streamlining of operations by adopting an asset-light and lower-cost model.
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