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Hot stock: Venture shares fall on Monday after Q1 results release

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Bryan Kow

Published Mon, May 8, 2023 · 10:57 AM
    • The company has reported that its Q1 net profit was down 12.4 per cent year on year to S$73.6 million.
    • The company has reported that its Q1 net profit was down 12.4 per cent year on year to S$73.6 million. PHOTO: VENTURE CORPORATION

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    SHARES of Venture Corporation fell on Monday (May 8) morning after the technology company last week reported a year-on-year decline in its profit for the first fiscal quarter.  

    As at 9.27 am, the counter had shed S$1.04 or 6.1 per cent to S$16.02 from the previous week’s closing price of S$17.06. This was S$0.54 or 3.3 per cent below Friday’s adjusted close of S$16.56, factoring in a dividend of S$0.50 per share. The company began trading ex-dividend on Monday morning.

    It later recovered to trade at S$16.10, down S$0.96 or 5.6 per cent, as at 10.37 am. 

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