Trade Venture - V03sg CFD

Venture Company profile

About Venture Corporation Ltd

Venture Corporation Limited is a Singapore-based global provider of technology services, products and solutions. The Company is specialized in market research, design and development, product and process engineering, design for manufacturability, supply chain management, as well as product refurbishment and technical support across a range of technology domains. The Company operates through two segments: Advanced Manufacturing & Design Solutions (AMDS) and Technology Products & Design Solutions (TPS). It specializes in various technology domains, including science, genomics, molecular diagnostics, medical devices and equipment, healthcare and wellness technology, lifestyle consumer technology, health improvement products, instrumentation, test and measurement technology, networking and communications, financial technology, as well as computing, printing and imaging technology. It manages a portfolio of more than 5,000 products and solutions.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Venture Corporation Ltd revenues increased 3% to SP$3.11B. Net income increased 5% to SP$312.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Research and development expense decrease of 46% to SP$19.3M (expense), Depreciation and amortisation expense decrease of 11% to SP$36.9M (expense).