Venture Corp's Q4 net profit rises marginally to $38 million
Published on Feb 26, 2014 9:56 PM
Fourth quarter net profit for electronics manufacturer Venture Corp rose 0.1 per cent to $38 million on the back of a 5.1 per cent rise in revenue to $622.9 million.
It was the highest quarterly revenue registered by the company last year.
Earnings for the 12 months to Dec 31 fell 6.1 per cent to $131.1 million as turnover slid 2.4 per cent to $2.33 billion.
Its weaker full-year performance stemmed from a lower business volume from a few customers. Some of them had been affected by mergers and acquisitions, said Venture Corp on Wednesday.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here