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Friday, May 3, 2024

Venture - 1st quarter results is out! 1ST QUARTER NET profit of S$60.1m Versus 73.6 million last year.

 1ST QUARTER NET profit of S$60.1m  Versus 73.6 million last year.

Meanwhile, its Q1 revenue stood at S$666.7 million, 18.9 per cent lower than the S$821.7 million.

Cash on hands of 1.19b.

Zero debts. 

Business outlook:

The company is targeting for revenue to improve on a sequential basis from 1st quarter to 2nd quarter.  And expected revenue to be much higher in 2nd Half of 2024 versus 1st Half of 2024. 

XD 50 cents on 7th May 2024. 

Pay date 21st May 2024. 

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