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V S Industry’s counter measures prove effective

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Indonesia Berita Berita

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The recruitment of workers is expected to be crucial for the company to secure stronger earnings growth in 4Q22.

This is underpinned by the company’s counter measures in employing more migrant workers to remedy the situation.

“ is due to sub-optimal production levels for a key customer, coupled with higher labour and raw material costs,” said the research house in a report yesterday. V S Industry’s 9M22 net profits stood at RM105mil, which accounted for 63% of the research house’s full-year estimate and 59% of its consensus, excluding a net forex gain.

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