Venture Q2 net profit falls 7% on lower revenue
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
VENTURE Corp's net profit fell 7.3 per cent to S$90.8 million in the second quarter, as its customers required less research and development (R&D) work compared to the same period a year earlier.
Revenue in the three months ended June 30 was S$903 million, down 5.1 per cent from the same period a year earlier.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities