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Venture Corp net profit up 72% in Q1
VENTURE Corp has posted a net profit of S$83.7 million for the first quarter, up 72.2 per cent from the same period a year earlier.
Revenue in the three months ended March 31 was S$856 million, up 1.5 per cent from the same period a year earlier, partly weighed down by a weakened US dollar.
Net profit margin was 9.8 per cent, up from 5.8 per cent in the same period last year.
Net cash as at March 31 was S$724.6 million.
First-quarter earnings per share was 28.8 Singapore cents, up from 17.2 Singapore cents last year.
Net asset value per share was S$7.85, up from a restated S$7.61 in the same period last year.
Venture shares fell 3.55 per cent to S$22.57 on Wednesday before the results were released.