| Venture's Q1 Sales Tumble 20% |
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| Written by Mike Buetow | |||
| Wednesday, 23 April 2008 04:21 | |||
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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.
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| Last Updated on Wednesday, 23 April 2008 04:23 |
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