VSTECS net profit jumps 32% in 2Q on broad-based growth
Revenue rose 31% to RM818.9 million, with double-digit growth recorded in ICT Distribution, Enterprise Systems, and ICT Services.
The ICT Distribution segment grew 30% on robust device replacement cycles and demand for AI-enabled devices, while Enterprise Systems rose 32% on higher public sector project momentum. ICT Services revenue climbed 30%, supported by sustained demand for cloud solutions.
For the first half of FY2025, revenue increased 22% to RM1.51 billion, while net profit grew 28% to RM37.9 million.
VSTECS ended the period with a net cash position of RM84.4 million.
Its CEO JH Soong said the group is well-positioned to capture further growth in the second half, supported by upcoming product launches, government projects, and new AI offerings.
'From our current visibility, we see exceptional momentum for the rest of the year,' he added. — TMR
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