Venture Corp delivers blockbuster growth; net profit up 135% in Q3

Singapore

VENTURE Corp's net profit rocketed 135 per cent to S$111.4 million in the third quarter, as its focus on value creation through deeper engineering, design and research and development capabilities paid off.

Revenue in the three months ended Sept 30 was S$1.06 billion, a surge of 50.5 per cent from the same period a year earlier, as more than 60 per cent of its customer base also raked in higher revenues in the last quarter.

The electronics services provider's quarterly revenue has crossed the S$1 billion mark only once before. Venture has more than 180 active customers in diversifie…