- Venture Corp (SGX:V03)'s 4Q23 net profit came in at S$66.7m (-31.9% y-o-y, +5.3% q-o-q) while revenue declined 29.5% y-o-y (+4.3% q-o-q). FY23 revenue was registered at S$3,025.0m, down 21.7% y-o-y, due to softer demand across its technology domains as well as customers’ inventory destocking.
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- A 50 cents dividend was declared, similar to last year. See Venture Corp's dividend dates.
Commendable net margin of 8.9% for FY23 despite high inflationary pressure coupled with lower revenue.
- Venture Corp's 4Q23 net margin improved further to 9.1% (from 9.0% in 3Q23 and 8.7% in 2Q23).
- FY23 net margin of 8.9% was lower than the 9.6% in FY22. Nevertheless, it is still commendable given the high inflationary environment in FY23, coupled with lower revenue.
Strong NPI pipeline ahead.
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- With the gradual recovery of global economies, Venture Corp's customers are now more ready to launch new products.
Foray into the data centre ecosystem, riding on the AI wave.
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