KUALA LUMPUR, Sept 28 — Leading Electronics Manufacturing Services provider V.S. Industry Bhd recorded a lower net profit of RM115.9 million for the financial year ended July 31, 2020 compared with RM165.4 million in the same period last year.Additionally, for the fourth quarter , the Group posted a net profit of RM54.1 million versus RM56.3 million in the same quarter last year, while revenue decreased to RM882.6 million from 1.04 billion previously.
“We are pleased to deliver a strong recovery in our 4QFY20 performance against the backdrop of a difficult operating environment stemming from the COVID-19 pandemic. Orders from our existing customers are showing a healthy rebound by comparison to the preceding quarter. This certainly bodes well for the Group as a key supplier to Victory, he said, adding that Victory’s addition is yet another testament to the Group’s capability and track record, while the discussions with prospective customers remain ongoing.
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