SENAI, MALAYSIA — VS Industry Berhad reported first quarter sales of MYR 1.29 billion (US $239 million), an increase of 33% from the MYR 968 million ($219 million) in revenue from the first quarter of last year.

"Challenges are abound for the current financial year. Global macroeconomic issues such as rising inflation and interest rates have led to rising cost of living and in turn, affected consumer sentiment and purchasing power," the group said in a filing with Bursa Malaysia. "At this juncture, however, the order flow from customers remains satisfactory."