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Venture Corp reports 3QFY20 earnings of $80.2 million, down 5.9% y-o-y

The Edge Singapore
The Edge Singapore11/6/2020 05:46 PM GMT+08  • 1 min read
Venture Corp reports 3QFY20 earnings of $80.2 million, down 5.9% y-o-y
The company is seeing growing demand from its customers in life sciences, medical devices and healthcare.
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Leading manufacturing services provider Venture Corp has reported 3QFY20 earnings of $80.2 million, down 5.9% y-o-y, on the back of a 5.8% y-o-y dip in revenue to $818.4 million.

However, compared to the preceding 2Q, the company was able to report both higher top and bottom lines. Q-o-q, revenue for 3Q is up 18.2% and earnings is up 14.2%.

“Venture’s sequential improvement over the past two quarters clearly demonstrates the competency, resourcefulness and the resilience of our people as well as the consistent and invaluable support of our business community,” the company states.

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