With the move towards reopening, businesses are starting to recover. .
Blue-chip companies that are well-positioned to ride the economic upswing have posted encouraging sets of financial numbers.
These billion-dollar companies are not just reporting healthy growth, but are also equipped with a catalyst to enable them to continue doing well.
Here are three billion-dollar Singapore stocks that have defied the odds by growing their net profit.
Venture Corporation Limited (SGX: V03)
Venture Corporation is a global provider of technology products, services and solutions.
The group manages a portfolio of more than 5,000 products and employs 12,000 people worldwide.
The S$5.6 billion technology giant reported a respectable set of numbers for its fiscal 2021 first half (1H2021).
Revenue inched up 4.9% year on year to S$1.4 billion while net profit rose 7.6% year on year to S$140.4 million.
The group generated S$161.1 million of free cash flow for the period and had a net cash balance of S$922.2 million as of 30 June 2021....