VS Industry's Q1 net profit slips to RM39.4mil

KUALA LUMPUR: VS Industry Bhd’s net profit shrank to RM39.39 million for the first quarter ended Oct 31, 2021 (Q1 FY22) from RM66.68 million in the same period last year due to lower printed circuit board assembly orders received by its Malaysian operations as well as component supply disruption.

The Johor-headquartered company, one of the world’s leading electronics manufacturing service (EMS) providers, also saw its revenue slip to RM968.0 million from RM987.1 million previously.