Venture Corp posts 8.1% fall in Q3 net profit to $32.6m

Venture Corp posted a 8.1% fall in net profit to $32.6 million for its third quarter from a year ago despite revenues rising 4.3% to $608.9 million.

For the nine months ended Sept 30, Venture’s net profit slipped 14% to $101.7 million, while turnover dipped 0.3% to $1.79 billion.

Venture said it had acquired new customers in several market segments, even though “meaningful revenue contribution is only expected next year”.