This was partially offset by higher revenue in the networking and communications and semiconductor related equipment tech domains.
Net profit margin for the quarter stood at 8.8%.
As at Sept 30, the company’s net cash position stood at $1.19 billion.
Despite softer customer demand in 3QFY2024, the company expects its revenue for 2HFY2024 to be relatively stable compared to 1HFY2024.
See also: MAS net profit rises to $19.7 bil in FY2024/25 with investment gains more than doubling y-o-y
It continues to see good opportunities, including new design wins and product introductions for secular growth segments like life science and AI data centre related businesses.
Shares in Venture Corp closed 2 cents higher or 0.15% up on Nov 8 at $13.65.