VSTECS Sets New Heights with Record Net Profit of RM67.4 Million in FY2023
KUALA LUMPUR, 27 February 2024 – VSTECS Berhad (“VSTECS”, 偉仕佳杰, Stock Code:5162), Malaysia’s leading Information & Communications Technology (“ICT”) distributor has today released its fourth quarter financial results for the three (3) months ended 31 December 2023 (“4Q FY2023”). In 4Q FY2023, VSTECS registered a revenue of RM807.2 million, a significant increase of 18.1% compared […]
VSTECS To Offer Starlink At Retail With Harvey Norman
VSTECS Berhad has announced that it had signed a distribution agreement to distribute Elon Musk’s Starlink high-speed internet across the nation. Starlink is powered by the world’s most advanced satellites operating in a low Earth orbit that provide high-speed, low-latency internet connectivity across the globe, even in the most remote and rural locations. The company […]
VSTECS named Starlink’s authorised distributor to offer high-speed internet in Malaysia
KUALA LUMPUR (Jan 29): Information and communications technology products distributor VSTECS Bhd will be offering SpaceX’s Starlink high-speed internet in Malaysia. In a statement on Monday, VSTECS said its wholly owned subsidiary VSTECS Astar Sdn Bhd has signed a distribution agreement and has been named an authorised Starlink distributor. VSTECS said the group will be […]
VSTECS partners SpaceX to distribute Starlink in Malaysia
KUALA LUMPUR: Vstecs Bhd’s wholly owned subsidiary, VSTECS Astar Sdn Bhd, has collaborated with SpaceX to be Starlink authorised distributor in Malaysia to offer high-speed Internet nationwide. In a statement today, VSTECS said the collaboration complements the government’s vision to achieve 100 per cent Internet penetration throughout the country. The group has appointed Harvey Norman as […]
VSTECS Berhad Collaborates with SpaceX to Distribute Starlink to Malaysia
Kuala Lumpur, Malaysia, 29 January 2024 – VSTECS Berhad (VSTECS, 偉仕佳杰, Stock Code:5162) (“VSTECS” or the “VSTECS Group“), Malaysia’s leading Information & Communications Technology (“ICT“) distributor, has through its wholly-owned subsidiary, VSTECS Astar Sdn Bhd signed a Distribution Agreement and has been named as an authorised Starlink Distributor to offer Starlink high-speed internet across the […]
VSTECS to distribute Elon Musk’s Starlink high-speed Internet in Malaysia
KUALA LUMPUR: VSTECS Bhd, via subsidiary VSTECS Astar Sdn Bhd, has signed a distribution agreement and has been appointed as an authorised distributor for Starlink high-speed internet across the nation. The information and communications technology (ICT) company said the collaboration complements the government’s vision of achieving 100 per cent internet penetration throughout the country. “As […]
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VSTECS’s Net Profit Down By 23% In 3QFY2023 YoY
VSTECS Bhd net profit for its third quarter financial results for the three months ended 30 September 2023 (3QFY2023) has dipped by 23% to RM12.7 million compared to RM16.5 million in the same period last year (3QFY2022). “Its revenue year-on-year (YoY) has also decreased by 12.1% to RM646.4 million in 3QFY2023 from RM735.5 million the […]
VSTECS reports net profit of RM43.2 mil for 9M FY2023
KUALA LUMPUR, 15 November 2023 – VSTECS Berhad (“VSTECS”, 偉仕佳杰, Stock Code:5162), Malaysia’s leading Information & Communications Technology (“ICT“) distributor, has today released its third quarter financial results for the three (3) months ended 30 September 2023 (“3Q FY2023“). For the nine (9) months ended 30 September 2023 (“9M FY2023”), the Group posted revenue of […]
VSTECS 2Q net profit rises 20% on higher forex gain
KUALA LUMPUR (Aug 15): VSTECS Bhd’s net profit for the second quarter ended June 30, 2023 (2QFY2023) rose 20.28% to RM15.65 million, from RM13.01 million a year before, on higher forex fair gain of RM4 million, despite lower revenue. Earnings per share increased to 4.4 sen per share in 2QFY2023, from 3.6 sen per share […]
