Blue chip manufacturing services provider Venture Corp has reported 1HFY2022 earnings of $174.3 million, up 24.1% y-o-y. Revenue in the same period was up 25.4% to $1.8 billion, with broad-based improvement across its various customer segments.
The company plans to maintain its interim dividend at 25 cents per share.
Citing indications from its customers, Venture says for the current 2HFY2022, demand will “remain unabated”.
“The industry continues to see supply lagging behind demand with challenges from global supply chain constraints, rising inflationary pressures and a tight labour situation.”
“Notwithstanding these and other impediments over the next 12 months, with operational excellence and increased focus on inventory management, Venture expects to end the year well,” the company adds.
Venture Corp shares ended Aug 5 at $17.73, up 0.97%.
