Venture Corporation Limited records quarterly revenue of over S$1b for second quarter 2007

Venture Corporation Limited has achieved a record PATMI of S$78.7m for the second quarter of 2007, a 49.7% growth compared to the same quarter in 2006. This brings the Group's PATMI for the first half of 2007 to S$149.4m, 46.6% higher than the corresponding period of 2006.

The record earnings translate to an EPS of 54.7 cents on a fully diluted basis.

Following consecutive expansion over the last six quarters, the Group chalked up its highest ever quarterly revenue of S$1,004.7m. This represents a rise of 33.8% compared to the same period in 2006.

Commenting on the results, Mr Wong Ngit Liong, Chairman and CEO of Venture, said: "I am very pleased with this set of results. Orders from existing customers have grown, driven by their confidence with Venture's performance and technical competence. Several new customers are beginning to make contributions during this period. With the rapid expansion of our ODM capabilities, we have captured a larger share of the ODM market. The Group has also been able to realise synergistic benefits from our recent acquisitions."