SINAGPORE -- Venture Corp., the world's eighth largest EMS company, reported second-quarter revenues of S$846,033, down 13% year-over-year.

The company reported a net profit of S$60.9 million, up 120% sequentially and down 8% from a year ago.

Sales were up 17% sequentially as Venture rebounded from the global economic slump.

The recovery from the first quarter of the year was due to demand pick-up for several products and improvement in market share, the firm said. All product segments, except Test & Measurement/Others, saw revenue improvement. Printing & Imaging grew by more than 36% sequentially, Retail Store Solutions & Industrial Products was up 9%, Computer Peripherals & Data Storage was up 8%, and Networking & Communications was up 7%.

Cash from operations topped S$72 million, and at quarter's end the firm had cash and cash equivalents of S$484.6 million. Inventories were cut 15% from the March quarter.

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