Venture Q2 net profit falls 7% on lower revenue

Singapore

VENTURE Corp's net profit fell 7.3 per cent to S$90.8 million in the second quarter, as its customers required less research and development (R&D) work compared to the same period a year earlier.

Revenue in the three months ended June 30 was S$903 million, down 5.1 per cent from the same period a year earlier.