Staff Reporter
,
Singapore
Photo from Venture Corporation website
Revenue for the period also fell.
Venture Corporation registered a net profit of $60.1m in 1Q24, a decrease of 18.3% YoY.
Net profit margin stood at 9.0% due to its increasing focus on operational execution and productivity enhancements.
The company's revenue also fell 18.9% YoY to $666.7m due to lower overall customer demand amidst remaining headwinds.
The company’s life and science sector and certain segments of its network and communications market saw destocking in 1Q24.
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