venture corp

Venture posts 6.1% fall in H2 FY2025 earnings to S$114 million

Its board has proposed a final dividend of S$0.50 per share, unchanged from FY2024

Venture's Q3 revenue of $627.2 million is 9.1% lower than a year ago.

Venture posts 8.3% fall in Q3 earnings amid softness in consumer tech

The company is ‘ramping up activities for hyperscale data centres’, including network connectivity solutions

Excluding the lifestyle consumer technology domain, group revenue for Q1 would have risen year-on-year, it says.

Venture Corporation’s net profit falls 7% to S$55.9m in Q1 2025 

Earnings per share comes in at S$0.193, down 6.8% from the year-ago period

While the decline in net profit is in line with the lower revenue, Venture Corp notes it has a “robust" net profit margin of 8.8 per cent.

Venture Corp’s Q3 net profit falls 4.7% to S$60.6 million

Revenue is down 3.9% at S$689.7 million on softer customer demand

Wong Chee Kheong served as Venture's chief operating officer from January 2022 to May 2023.

Venture Corp appoints Wong Chee Kheong as group CEO

In his new role, Wong will provide leadership to all business units within the group, as well as drive its strategy and direction

Venture's board of directors has declared an interim dividend of S$0.25 per share, unchanged from the interim dividend declared last year.

Venture Corp H1 profit down 11.7% to S$123.7 million on lower revenue, demand

Revenue for H1 was down 12.5 per cent to S$1.4 billion from S$1.6 billion, due to softer demand in the first quarter of 2024

The research team expects the group, which provides technology services, products and solutions, to see the tail end of its customers’ destocking phase and recover in FY2025.

Brokers’ take: RHB upgrades Venture Corp to ‘buy’ on expected recovery

It previously downgraded the counter on account of customers destocking

The salary of DBS CEO Piyush Gupta was slashed in FY2023 despite the lender reporting a record year of profits due to banking disruptions throughout 2023.

Nearly half of STI constituents raised their CEOs’ salaries, mostly in line with EPS gains

The highest-paid chief is UOB’s Wee Ee Cheong with S$15.9 million for FY2023, up 11.9 per cent.