CGS-CIMB said it also expected profit margins of the electronics manufacturing services provider to improve by 2.2% points with better operating leverage and an improved gross margin mix from its higher-yielding newer customers.(File pic VS Industry's plant in Johor)
PETALING JAYA: VS Industry (VSI) Bhd’s earnings recovery momentum is likely to continue into the financial year ending July 31,2021 helped by a further production ramp-up for its US-based customer and steady order growth from other existing customers.
CGS-CIMB said this in a report yesterday, adding that it also expected profit margins of the electronics manufacturing services provider to improve by 2.2% points with better operating leverage and an improved gross margin mix from its higher-yielding newer customers.
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