is in talks with several multinational corporations to potentially secure them as new clients.
“Based on the recent customer acquisition trend, we believe any prospective contracts could carry better margins,” it added. VS Industry reported a lower net profit of RM26.78mil for the third quarter ended April 30, 2023, compared with RM51.29mil in the previous corresponding period, while revenue rose to RM996.78mil from RM927.59mil.
“VS Industry is benefiting from the fallout of its peer on the common customer’s business engagement, where it has secured three various segments of new models. This would rake in at least RM500mil in revenue, with earnings potential of more than RM25mil to cushion the demand softness from other key customers,” it said.