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Venture Corp posts 20.6% rise in 4Q earnings to $54.1 mil on higher revenue

Michelle Zhu
Michelle Zhu2/24/2017 05:53 PM GMT+08  • 2 min read
Venture Corp posts 20.6% rise in 4Q earnings to $54.1 mil on higher revenue
SINGAPORE (Feb 24): Venture Corp, the electronics services provider, posted 4Q16 earnings of $54.1 million, 20.6% higher from $44.8 million of earnings declared a year ago on higher revenue.  
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SINGAPORE (Feb 24): Venture Corp, the electronics services provider, posted 4Q16 earnings of $54.1 million, 20.6% higher from $44.8 million of earnings declared a year ago on higher revenue.

For the 12 months ended Dec, total earnings grew 17.3% to $180.7 million from $154 million in FY15.

The improvement in profitability was driven by revenue growth, value creation, as well as improvements in operational excellence across the group’s facilities and its entire value-chain, says Venture in its financial results announcement on Friday.

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