PETALING JAYA: Analysts anticipate VS Industry Bhd
’s (VSI) move to increase its product offering and value chain to start paying dividends in the next financial year, despite a weak performance for its first half of financial year 2024 (1H24).
The integrated electronics manufacturing services (EMS) provider posted a 47% year-on-year (y-o-y) fall in its second quarter (2Q24) net profit to RM16mil on order cuts from Customer X and sustained weakness from Customer Y.
This resulted in its 1H24 earnings falling 27% y-o-y to RM65mil, which equalled some 39% of consensus and CGS International (CGSI) Research’s forecast.
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