VS Industry posts decline in 2Q net profit to RM44.49mil

KUALA LUMPUR: VS Industry Bhd's net profit in the second quarter ended Jan 31, 2020, fell to RM44.49mil from RM63.79mil in the previous corresponding quarter on lower orders from key customers and disruptions in the global supply chain.

For the quarter under review, the electronics manufacturer said revenue was RM1.01bil, 1.5% higher than in the same quarter in the previous year.