Venture posts 8.3% fall in Q3 earnings amid softness in consumer tech

Venture Corp reported an 8.3% decline in Q3 net profit, totaling S$55.6 million, attributed to softness in the consumer tech sector. Revenue fell 9.1% year-on-year to S$627.2 million. Portfolio A, focusing on consumer lifestyle, saw a 10.5% revenue drop, while Portfolio B, including test and measurement technology, rose 2%. The company maintains a strong net profit margin of 8.9% and holds over S$1 billion in cash. Looking ahead, Venture is enhancing activities in hyperscale data centers and life sciences, aiming for sustainable growth through strategic partnerships.