Stocks to watch: Venture, Riverstone, Dyna-Mac, Cromwell E-Reit, Elite UK Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 7):

Venture Corp : The technology solutions provider reported a net profit of S$123.7 million for the first half of fiscal year ended Jun 30, down 11.7 per cent year on year on lower revenue. It proposed an interim dividend of S$0.25 per share, unchanged from the same period a year prior. Shares of Venture fell 0.3 per cent or S$0.04 to close at S$14.40 on Tuesday, ahead of the results announcement.

Riverstone : The Malaysian glovemaker’s net profit for the six months ended Jun 30 rose 54.6 per cent to RM144.7 million (S$42.9 million), with revenue up 7.4 per cent to RM496.4 million. On Tuesday, the group said this was due to a recovery in demand for both healthcare and cleanroom gloves. Shares of Riverstone closed at S$0.895, down S$0.005 or 0.6 per cent, before the results were announced.