- Venture Corp reported a weak 3Q24 business update, with revenue and net profit declined both on a y-o-y and q-o-q basis despite a seasonally stronger 2H. 3Q24 net profit fell 4.3% y-o-y (- 5.0% q-o-q) to S$60.6mil on the back of a 2.3% y-o-y (-3.9% q-o-q) drop in revenue to S$689.7mil.
Weak 3Q24 despite a seasonally strong period, below expectations.
- - Read this at SGinvestors.io -
- Venture Corp's 3Q24 revenue and net profit account for 23%/22% of our full year forecasts, below expectations.
Stable net margins.
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Strong cash positions.
- Venture Corp continued to generate strong operating cash flow and improvement in its working capital position from FY23. Net cash position increased by 13% from December ‘23 to S$1.19bn as of September ‘24.
Exposure to AI data centre offers significant potential for growth.
- Read more at SGinvestors.io.
