KUALA LUMPUR (Sept 28): V.S. Industry Bhd (VS) shares rose 2.77% in early trade this morning after its net profit more than tripled to RM36.81 million in the fourth financial quarter ended July 31, 2017 (4QFY17), from RM10.94 million a year ago, on higher sales orders from existing key customers.

At 9.20am, VS rose 7 sen to RM2.60 with 1.79 million shares done.

Earnings per share rose to 3.08 sen in 4QFY17, from 0.94 sen in 4QFY16.

Quarterly revenue jumped 77.4% to RM983.39 million, from RM554.2 million a year ago.

The group declared a fourth interim dividend of one sen per share for FY17, payable on Oct 27. It also proposed a final dividend of another one sen, bringing total dividend for the year to 5.9 sen, compared with 4.7 sen in FY16.

For the full year FY17, it posted another year of record net profit and revenue.

Net profit rose 32.6% to RM156.32 million in FY17, from RM117.93 million the previous year, while revenue grew 50.8% to RM3.28 billion, from RM2.18 billion in FY16.