PETALING JAYA: VS Industry Bhd began its financial year 2026 (FY26) with a flat net profit in the first quarter, amid a drop in revenue and a higher tax expense.
The plastic injection mould manufacturer, however, said its order flow has picked up in the first quarter, with several new models from existing customers having entered mass production.
“More new models are expected to follow suit. The group has also secured a new customer, with production slated to commence in the near future,” it said in a filing with Bursa Malaysia.
VS Industry reported a net profit of RM30.63mil in the first quarter ended Oct 31, 2025, translating to an earnings per share of 0.79 sen. Revenue in the latest first quarter contracted by 2.9% year-on-year to RM1.08bil due to lower sales from the Indonesian market.
The Malaysia segment, however, recorded a higher revenue due to reversal of impairment loss on trade receivables, following the recovery from a customer.
A dividend of 0.4 sen was declared.