Venture Corp.’s net profit falls 4.7% QoQ in Q3 2024

The company said it is due to lower revenue.

Venture Corporation Limited’s net profit decreased by 4.7% quarter-on-quarter (QoQ) to $60.6m during the third quarter of the year (Q3 2024).

The company said it is due to lower revenue.

During the period, the group’s revenue stood at $689.7m, a 3.9% QoQ decrease due to soft demand in the Life Science, Lifestyle Consumer and Test and Measurement Instrumentation tech domains.

Despite softer customer demand, the company expects a stable revenue for the year's second half.

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