Venture Corp H2 profit drops 8.1%

Singapore

VENTURE Corporation on Friday posted a net profit of S$166.8 million for the six months ended Dec 31, 2020, down 8.1 per cent from S$181.5 million in H2 2019.

Revenue decreased 8.6 per cent to S$1.65 billion from S$1.8 billion, as the electronics manufacturing services firm worked to overcome pandemic-related disruptions to global supply chains and factory lockdowns.