PETALING JAYA: VS Business Bhd‘s internet revenue for the second quarter ended Jan 31, 2022 fell to RM44.49mil from RM63.79mil in the identical interval final 12 months.
Income elevated to RM1.01bil from RM999.31mil a 12 months in the past.
In a submitting with Bursa Malaysia yesterday, Bernama mentioned the electronics manufacturing providers (EMS) supplier mentioned the diminished profitability was affected by a mix of things.
The components embody a rise in labor and uncooked supplies prices, in addition to larger depreciation incurred from new services whereas mass manufacturing for a brand new key buyer has but to realize optimum stage.
“These, together with the employee scarcity difficulty and disruptions to the availability chain, particularly the part scarcity, had led to decrease operational effectivity,” it mentioned.
Shifting ahead, the corporate mentioned the present difficult working setting led to by the Covid-19 pandemic and geopolitical uncertainties are anticipated to prevail.
Nonetheless, it mentioned general demand by clients remained sturdy and is basically anticipated to maintain within the coming quarters whereas mass manufacturing for the brand new key buyer is anticipated to ramp up as soon as the labor difficulty is resolved.