Notably, operating margins have improved to 11.5% for 1Q22 versus 10.9% for 1Q21, despite inflationary pressure that has been hurting businesses in general.
Analysts from both Maybank Securities and CGS-CIMB have kept their positive views and target prices on Venture Corp after its 1QFY2022 earnings that beat expectations, chalking up what has been described as “a good start” to the year.
For the three months to March 2022, the leading manufacturing services company reported earnings of $84 million, up 28.6% y-o-y. Revenue in the same period was up 29.5% y-o-y to $889.3 million.
