Venture Corporation sees 8.3% higher net profit of $65.3 mil in 1Q21 due to shortages in global parts and components

Venture Corporation has announced net profit of $65.3 million for the 1QFY2021 ended March, 8.3% higher than net profit of $60.3 million in the 1QFY2020.

Net margin rose 0.5 percentage points y-o-y to 9.5%.

Revenue increased 2.0% y-o-y to $686.7 million while profit before tax increased by 7.2% y-o-y to $75.0 million.