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Venture Corp's profit falls 10.6% as costs hike outstrips revenue rise
Published Thu, Feb 27, 2020 · 09:50 PM
Singapore
ELECTRONICS manufacturing services firm Venture Corp on Thursday announced a 10.6 per cent drop in net profit for the fourth quarter ended Dec 31, as rising costs outstripped an increase in revenue.
Revenue edged up 2.9 per cent to S$932.1 million from S$905.9 million in the previous corresponding period. But raw materials used, changes in finished goods and ongoing works rose by 4.9 per cent to S$694.4 million.
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