Venture Corp's Q4 profit rises 21.6%

VENTURE Corp on Friday reported a 20.6 per cent rise in fourth-quarter net profit to S$54.05 million, from S$44.82 million a year ago.

Revenue for the three months ended Dec 31, 2016, rose 23.1 per cent to S$854.6 million, from S$694 million, which was attributed to new product and programme introduction by customers and revenue growth from customers won in recent years.

Earnings per share stood at 19.5 Singapore cents versus 16.2 Singapore cents in the previous corresponding period.

The firm declared a final dividend of 50 Singapore cents per share, the same as for the previous year.

The counter gained six Singapore cents or 0.6 per cent to finish at S$10.32 on Friday.