Stock Earnings: Venture Corp reported 1st quarter earnings that missed expectations!

Venture Corp Ltd may edge lower after reporting first-quarter earnings that missed market expectations. Venture posted net profit of 49.36 mln sgd for the quarter, inclusive of foreign exchange losses of 14.8 mln sgd due to a sharp depreciation in the US dollar. Analysts polled by XFN-Asia were looking for profit of 50-51 mln sgd, from 44.81 mln in the same quarter a year ago. Venture ended unchanged at 12.60 sgd yesterday