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Electronics Production | February 24, 2011

Venture proposes final dividend

Venture Corporation registered sequential quarterly revenue improvement for FY 2010, culminating in full year revenue of SGD 2.7 billion (EUR 1.5 billion).
For FY 2009, the Group generated revenue of SGD 3.4 billion. The year-on-year revenue decline for FY 2010 was within expectation given the Group’s earlier guidance on its business-mix shifting towards technology services, products and solutions with greater design and engineering content.

The Group reports that full year profit attributable to shareholders of the company (“net profit”) rose 30.9% year-on-year to SGD 188.1 million.

In FY 2010, the Group registered sequential margin improvement every quarter, yielding a full year net margin of 7.0%. This compares favourably to FY 2009 net margin of 4.2%.

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