VS Industry quarterly net profit up 39%

“The improved earnings for the current quarter despite decrease in revenue was mainly attributable to favourable product sales mix in Malaysia, ” VS Industry said in the notes to its financial statement. (File pic shows VS Industry's plant in Senai)

PETALING JAYA: VS Industry Bhd’s (VS) first quarter net profit ended Oct 31, rose year-on-year (y-o-y) by almost 39% despite a fall in its revenue.

Net profit was up to RM66.68mil while revenue for the quarter had fallen slightly by 4.6% y-o-y to RM987.10mil.