Venture's Q1 profit down 33%; revenue impacted by global supply chain disruptions

Singapore

VENTURE Corp's entities in Singapore and Malaysia could stand to benefit from possible realignment of the global supply chain in the current business environment, the company said in a first quarter update.

Venture's first quarter net profit shrank by about 33 per cent year-on-year to S$60.3 million while revenue was impacted by global supply chain disruptions and factory lockdowns in certain markets.