Within expectations. VSI’s 3QFY07/10 net profit of RM6.5m (vs. a net loss of RM4.2m in 3Q09) brought 9MFY10 net profit to RM15.0m (+127.4% yoy), accounting for 66% of our full-year estimate. We consider this to be in line with our numbers on expectations that 4Q would remain strong as demand continues to improve. As expected, no dividend was declared during the quarter.
VS Industry Berhad : Improving Outlook - 30/6/2010
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