SUBSCRIBERS
Venture Corp's profit falls 10.6% as costs hike outstrips revenue rise
Published Thu, Feb 27, 2020 · 09:50 PM
Singapore
ELECTRONICS manufacturing services firm Venture Corp on Thursday announced a 10.6 per cent drop in net profit for the fourth quarter ended Dec 31, as rising costs outstripped an increase in revenue.
Revenue edged up 2.9 per cent to S$932.1 million from S$905.9 million in the previous corresponding period. But raw materials used, changes in finished goods and ongoing works rose by 4.9 per cent to S$694.4 million.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates