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Venture reports 40.2% higher 2Q earnings of $98 mil on better margins

Michelle Zhu
Michelle Zhu8/3/2018 06:33 PM GMT+08  • 2 min read
Venture reports 40.2% higher 2Q earnings of $98 mil on better margins
SINGAPORE (Aug 3): Venture Corporation reported a 40.2% rise in 2Q18 earnings to $97.9 million from $69.8 million in the same quarter a year ago.   
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SINGAPORE (Aug 3): Venture Corporation reported a 40.2% rise in 2Q18 earnings to $97.9 million from $69.8 million in the same quarter a year ago.

The bottomline growth was largely due to an improved net margin of 10.3% in the latest quarter compared to 6.9% in 2Q17 and came despite a 6% fall in revenue to $952.3 million from $1 billion previously.

Changes in finished goods, work in progress and raw materials used fell 13.4% to $684.7 million from $790.6 million a year ago.

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