|
Venture's Q1 Sales Tumble 20% |
|
|
|
Written by Mike Buetow
|
|
Wednesday, 23 April 2008 |
|
SINGAPORE – Venture Corp. reported sales of S$56.7 million ($42.1 million), down 20% from a year ago. The company's losses extended to S$20.7 million, down from a loss of S$16.2 million last year.
The EMS firm cited slower orders and a hit in currency exhange rates for the drop. However, company officials said in a statement it felt the worst from the falling U.S. dollar is over.
Venture's customers include Hewlett-Packard (printers), which makes up about 25% of the company's sales, Iomega (hard drives), and Agilent (networking devices).
Venture is Singapore's largest EMS firm, excluding Flextronics, which is Singaporean in name only. |
News