Venture Corporation posts 11.7% decline in 1HFY2024 earnings to $123.7 mil, expects stronger 2HFY2024

Venture Corporation announced that its 1HFY2024 ended June earnings have dropped by 11.7% y-o-y to $123.7 million from $140.0 million a year ago.

This came on the back of revenue also seeing a 12.5% y-o-y decline to $1.38 billion from $1.58 billion the same period a year ago, mainly attributable to softer demand in 1QFY2024.