Venture Corp Q2 profit up 40% on R&D margin jump

Singapore

MARGIN expansion from more research and development (R&D) work helped Venture Corp more than make up for a revenue shortfall in the second quarter, lifting the group's net profit in line with street estimates.

The electronics manufacturing services (EMS) firm posted a net profit of S$97.9 million in the second quarter, up 40.2 per cent from the same period a year earlier.