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

Felicia Tan
Felicia Tan4/30/2021 6:3 PM GMT+08  • 2 min read
Venture Corporation sees 8.3% higher net profit of $65.3 mil in 1Q21 due to shortages in global parts and components
The group says it expects q-o-q improvement in the 2QFY2021, and a stronger 1HFY2021 performance compared to the year before.
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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.

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