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VS Industry Adds Revenue Stream

20-Oct-16 09:20

VS Industry Adds Revenue Stream

VS Industry Bhd (VSI) net profit decreased 11.2% YoY to RM118m in FY16, despite increased revenue of 12.3% YoY. UOB Kay Hian attributes this largely due to margin erosion and forex impact from the strengthening of the Ringgit in that period. Better earnings contribution is expected from its 20% stake in NEP Holdings known for its water filtration business, adding a new revenue stream of approx RM100 p.a. to the group. 

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Tags:  Malaysia equitiesVS IndustryDiamondDysonNEP

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