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Venture celebrates record FY17 earnings of $373 mil as revenue hits $4 bil

Michelle Zhu
Michelle Zhu2/28/2018 05:51 PM GMT+08  • 2 min read
Venture celebrates record FY17 earnings of $373 mil as revenue hits $4 bil
SINGAPORE (Feb 28): Venture Corporation reported record full-year earnings of $372.8 million in FY17, doubling from its profit of $180.7 million a year ago as revenue hit the $4 billion mark.
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SINGAPORE (Feb 28): Venture Corporation reported record full-year earnings of $372.8 million in FY17, doubling from its profit of $180.7 million a year ago as revenue hit the $4 billion mark.

For the 4Q period, Venture’s earnings more than doubled to $143 million from $54 million in 4Q16 on record quarterly revenue of $1.1 billion, which grew 27.1% on-year from $854.6 million a year ago.

Revenue for the full year grew 39.3% to $4 billion from $2.9 billion in FY16, which Venture attributes to a year of excellent execution of customers’ programmes across the group’s diversified customer base, and further deepening of complementary and collaborative partnerships.

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