Grand Venture Technology's Net Profit Surges 51% in Q3

MT Newswires

2024/11/11

Grand Venture Technology's (SGX:JLB) net profit after tax rose 51% to SG$2.0 million in the third quarter from SG$1.3 million a year ago.

EBITDA for the period came in at SG$5.7 million, versus SG$5.6 million in the year-ago period, according to a late Friday bourse disclosure.

Revenue was up nearly 53% year over year to SG$43.5 million from SG$28.5 million, mainly due to strong growth within the semiconductor business.

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