Venture Corporation has reported a lower revenue for the 1QFY2025 ended March 31, of $616.6 million, down 7.5% y-o-y.
The group reported an earnings per share of 19.3 cents, down 6.8% y-o-y for 1QFY2025.
The group’s lower revenue was due to lower demand in the lifestyle consumer technology domain. It says that it improved reliability and longevity for a customer’s key products which led to lower product replacements.
Excluding this segment, group revenue would have risen y-o-y for 1QFY2025. The group is executing other initiatives in its networking & communications and advanced industrial segments.
The group’s net profit came in at $55.9 million, and net profit margin stood at 9.1%. Venture says that this is due to continued focus on cost efficiencies.
The group’s working capital position at end March grew to $20.8 million, and net cash generated for 1QFY2025 came in at $55.4 million.
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The group sees opportunities to expand its market share in at least three or four of our technology domains, despite the ongoing tariff situation which has created uncertainty in the global economic environment.
Shares in Venture Corporationclosed 6 cents higher or 0.535% up at $11.27 on May 14.
