The company's revenue stood at RM1.11bil, marginally lower than RM1.14bil in 1Q24.
PETALING JAYA: VS Industry Bhd
remains confident about its outlook for the financial year ending July 31, 2025 (FY25), supported by robust sales orders and new opportunities, despite a dip in its first-quarter net profit.
The electronics manufacturing services (EMS) provider recorded a net profit of RM30.6mil for the first quarter ended Oct 31, 2024 (1Q25), down from RM48.98mil in the same quarter last year. Revenue stood at RM1.11bil, marginally lower than RM1.14bil in 1Q24.
The company attributed the decline in profitability to lower sales orders from existing customers and the impact of unfavorable foreign-exchange rates.
Earnings per share also slipped to 0.79 sen from 1.27 sen a year ago.
Despite the challenges, the group declared a first interim dividend of 0.4 sen per share, up from 0.3 sen in 1Q24.
VS Industry is optimistic about its local operations, which contribute to the bulk of its earnings.
