Venture Corp.’s Profits Drop 17%
Published: 08 August 2008
by Staff
SINGAPORE – Contract electronics firm Venture Corp. posted a 17% fall in quarterly earnings, as a result of a stronger Singapore dollar and the delay of customers’ orders, the firm reported.
The company earned $47.5 million for the April to June period. The results were below analyst estimates.
Venture makes printers for Hewlett-Packard Co Ltd., produces hard drives for storage firm Iomega Corp., and provides networking devices for equipment maker Agilent Technologies Inc.
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