Venture Corp’s profit rises 16.9% to S$47.4m in3Q

SINGAPORE: VENTURE Corporation on Friday posted 16.9 per cent rise in net profit for the third quarter to S$47.4 million, from S$40.55 million one year ago.

Revenue for the three months ended Sept 30, 2016, was up 1.8 per cent to S$705.65 million, from S$692.86 million in Q3 2015. Earnings per share (EPS) were 17.1 Singapore cents, up from 14.7 Singapore cents one year ago.

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The company did not announce any dividend for the period.For the nine months ended Sept 30, Venture’s net profit was up 16 per cent to S$126.63 million, from S$109.17 million one year ago. Revenue was up 2.9 per cent to S$2.02 billion from S$1.96 billion. EPS was 45.7 Singapore cents, up from 39.6 Singapore cents.

The company registered a profit before tax (PBT) of S$56.67 million for the third quarter, an increase of 18 per cent from S$48.04 million one year ago. For the nine months, PBT was S$150.75 million, up 17.2 per cent from S$126.64 million one year ago.