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VS Industry's net profit tumbles 47.8% in 3Q to RM27mil

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“Inflationary pressures continue to weigh down consumer sentiments and purchasing power, which in turn affects the demand from our customers,” it said.

, an integrated electronics manufacturing services provider, expects a potential uptick in demand for the quarter ahead.

“On a brighter note, according to media news, some economists believe inflation has peaked with interest rate hike pressure gradually easing," it said. For the nine-months period ended April 30, 2023, VS Industry’s net profit stood at RM117.84mil from RM135.17mil a year earlier, while revenue grew to RM3.4bil from RM2.9bil.

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