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Podcast  >  Morning Run  >  Market Watch  >  VS Industry Adds Revenue Stream

VS Industry Adds Revenue Stream

Fong Kah Yan , Analyst, UOB KayHian

20-Oct-16 09:20


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. 

Tags:  Malaysia equitiesVS IndustryDiamondDysonNEPFinancial ServicesEconomy, Markets


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