SINGAPORE (May 8): Venture Corporation posted earnings of $60.3 million for the 1Q2020 ended March, some 33.6% lower than $90.9 million a year ago.

The decrease is in tandem with the border control and social distancing measures owing to the Covid-19 pandemic, which caused disruptions to the corporation’s global supply chain in China, Malaysia, and Singapore. Earnings took a hit mainly in the second half of 1Q2020 due to factory lockdowns in China, Spain, the US, and Malaysia.

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