Venture's Q1 Sales Tumble 20% PDF Print E-mail
Written by Mike Buetow   
Wednesday, 23 April 2008 04:21
SINGAPOREVenture 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.
Last Updated on Wednesday, 23 April 2008 04:23


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