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VSTECS – 3Q24: Strong Results; Anticipating A Sequentially Stronger 4Q24

VSTECS Berhad’s 3Q FY2024 Net Profit soars 54% to reach RM19.6 million

Declares Interim Dividend of 2.8 sen per share KUALA LUMPUR, 13 NOVEMBER 2024 – VSTECS Berhad (“VSTECS”, 偉仕佳杰, Stock Code:5162), Malaysia’s leading Information & Communications Technology (“ICT“) distributor announced an impressive performance for the three (3) months ended 30 September 2024 (“3Q FY2024“), achieving record quarterly revenue of RM841.8 million representing a 30% increase compared […]

VSTECS optimistic about 4Q, expects strong FY24 finish

KUALA LUMPUR: Vstecs Bhd is optimistic about the fourth quarter, driven by the growth potential in the consumer sector and enterprise year-end budget spending. The company expects to end FY2024 on a high note. “To further strengthen Malaysia’s economic position, we welcome the federal government in revising datacentre investment incentives to ensure broader economic benefits to the […]

VSTECS’s 3Q profit rises 54% on record quarterly revenue, declares 2.8 sen dividend

VSTECS catat pengingkatan untung bersih 54% kepada RM19.6 juta pada 3QFY24 dipacu perkembangan semua segmen perniagaan

KUALA LUMPUR 13 Nov – VSTECS Berhad mencatatkan peningkatan untung bersih sebanyak 54% kepada RM19.6 juta pada suku ketiga berakhir 30 September 2024 (3QFY24) berbanding RM12.7 juta pbagi suku sama tahun sebelumnya dipacu perkembangan dua digit dalam semua segmen perniagaan. Hasil kumpulan bagi suku berkenaan juga meningkatkan 30% kepada RM841.76 juta berbanding RM646.40 juta pada […]

VSTECS 3Q PAT jumps 54% to RM19 million, declares 2.8 sen dividend

VSTECS Berhad announced its 3Q FY2024 results achieving record quarterly revenue of RM841.8 million representing a 30% increase compared to the same quarter of last year. Profit after tax rose 54% to RM19 million from RM12 million registered in the previous year’s quarter. For the nine (9) months ended 30 September 2024 (“9M FY2024”), the […]

VSTECS – New data centre initiatives set to supercharge VSTECS’s growth

VSTECS Unites Technology Leaders at Malaysia’s Premier AI + DC Conference

Kuala Lumpur, 10 October 2024 – VSTECS Berhad (“VSTECS”or the “Company”, 偉仕佳杰, Stock Code: 5162), Malaysia’s leading Information & Communications Technology (“ICT”) distributor, today hosted the nation’s largest convergence of Artificial Intelligence (“AI”) and Data Centre (“DC”) technology leaders. This landmark event gathered industry pioneers and thought leaders from global technology giants – such as […]

Highest growth in profit after tax over three years: TECHNOLOGY: VSTECS Bhd – Continuing the legacy of its founders

Kuala Lumpur Kepong Bhd registered a record-breaking net profit of RM2.26 billion for its financial year ended Sept 30, 2021, more than doubling the RM772.6 million posted in FY2020. The jump in the bottom line was due to high crude palm oil (CPO) prices, one-off gains and the remarkable performance of almost all its business […]