VSTECS posts higher net profit of RM15.6mil in 2Q


KUALA LUMPUR: Vstecs Bhd's net profit for the second quarter (2Q) ended June 30, 2023, rose to RM15.65 million compared to RM13.01 million in the same quarter last year.

However, revenue for the quarter decreased to RM608.79 million from RM708.08 million previously, mainly due to a slowdown in the consumer market, the company said in a filing with Bursa Malaysia.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
VSTECS , ICT , JH Soong

Next In Business News

PETRONAS seals long-term LNG supply deal with CNOOC
FBM KLCI dips in early trade despite Wall Street record close
Ringgit climbs to five-year new high on weaker greenback in early trade
Trading ideas: PMCK, Citaglobal, Kimlun, CBH Engineering, Hextar Global, Solarvest, PetGas, Jasa Kita
Jasa Kita plans to acquire 55% stake in SPPH
PMCK posts RM5.8mil profit in 2Q
Healthcare players earnings visibility intact
SBS Nexus eyes RM31mil from its IPO
Stratus Global eyes foreign expansion upon listing
Amova raises stake in AHAM Capital to 97.7%

Others Also Read