On 22 February 2024, Venture Corporation Limited (“Venture”) have announced their full year result for 2023. The results are in line with expectations, given the slowdown in their industry. The share price has risen over the last few weeks, likely in anticipation of the upcoming dividend and also supported by the share buy-backs over the last few weeks. They are also currently in a healthy financial position, with no debt and generating sufficient operating cash flows for a sustainable dividend payout.
Website: General Announcement::Executive Summary And General Comments For 9M 2023
Background
Venture was formed in 1989 as an electronic services provider after the merger of three companies. Today, Venture is a leading global provider of technology services, products and solutions with established capabilities spanning marketing research, design and development, product and process engineering, design for manufacturability, supply chain management, as well as product refurbishment and
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