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©homiel-dreamstime.com Electronics Production | February 27, 2012

Venture Corporation releases financial results

Venture Corporation registered revenue of S$2.4 billion for the financial year ended 31 December 2011.
On a year-on-year basis, revenue fell 9.1%, largely due to the USD/SGD depreciation of approximately 8.0% according to the company.

Full year profit for the year ended 31 December 2011 was S$156.5 million, 16.8% lower compared to last year. The full year net margin was 6.4%.

Cash generated from operations was S$256.7 million compared to S$68.6 million in the preceding year.

As at 31 December 2011, the Group had cash and cash equivalent balances of S$513.2 million. The Group closed the year with net cash of S$309.1 million.

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