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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.

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