Venture Corp posts lower 2Q net profit of $42m

Venture Corporation has recorded a net profit of $42 million for the second quarter ending June 30, 2011 (2Q2011), this was slightly lower than the 2Q2010 net profit of $45.8 million.

Revenue stood at $628.7 million, which was 3.7% lower y-o-y due to steep USD depreciation.

Venture says all market segment recorded higher volume of activities for the quarter compared to the corresponding year-ago period except the Networking and Communication segment. Higher volume growth came from the Test & Measurement/Medical/Others and the Retail Store Solutions & Industrial Products segments.