VS Industry shares fall for second day after profit warning

PETALING JAYA: VS Industry Bhd’s shares continued to fall by 14.63% or 12 sen this morning, after the group warned of weaker earnings moving forward.

The stock, which was the most active counter, stood at 70 sen with 109.3 million shares changing hands.

Yesterday, the counter hit limit-down at the start of trading, down 35 sen or 30% to 82 sen.

The group recently posted a 7.1% drop in net profit to RM39.81 million, from RM42.87 million a year ago, mainly due to a loss on disposal of a subsidiary and foreign exchange loss.

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