Venture Corp posts 7.5% rise in Q2 profit
Add BT as a preferred sourceSingapore
VENTURE Corp has reported a 7.5 per cent higher second quarter profit of S$36.1 million, or earnings per share of 13.1 Singapore cents, up from 12.2 cents a year ago. This translates to a net margin of 5.5 per cent, down a notch from 5.6 per cent in Q2 2014.
The higher earnings were driven by higher shipment and favourable exchange rate movement. Correspondingly, revenue for the three months ended June 30 rose 10 per cent to S$661 million, year-on-year. Foreign currency exchange gain stood at S$782,000, a reversal of a loss of S$1.21 million previously.
TRENDING NOW
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
Scuttled M1-Simba deal leaves investors with more questions than answers
Jane Street doubles capacity in Singapore with move to new office, will expand headcount
Ex-CDL director Kwek Leng Peck rejoins board, six years after resigning over disagreements
