KUALA LUMPUR: VS Industry Bhd is in active discussion with existing and new customers to secure orders as the group expand its local production capacity.

For the fourth quarter ended July 31, the company posted a 4.4% growth in net profit to RM38.4mil as revenue increased 2.8% to RM1.01bil. Full year (FY18) earnings was RM150.77mil, the company said in a filing with Bursa Malaysia on Tuesday.

The latest quarterly results were driven by its local operations that offset declines in overseas units.

“Overall prospects of the group remain positive underpinned by the anticipated growth in the Malaysia segment,” it said.

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