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Here Are 2 Companies That Recently Reported Growth In Their Latest Earnings

Photo credit: Rafael Matsunaga. Licence: http://creativecommons.org/licenses/by/2.0/

We’re nearing the end of the earnings season!

As is common with every earnings season, there will be some companies posting growth, some companies posting flat numbers, and some companies experiencing declines. So, which are the companies that have recently reported growth in their latest results? Let’s look at two of them:

1. Venture Corporation Ltd (SGX: V03) reported its 2017 first quarter earnings in late April.

As a quick background, Venture is an electronic services manufacturer that serves a variety of industries: printing & imaging, networking & communications, retail store solutions & industrial, computer peripherals & data storage and test & measurement / medical & life science / others. The firm’s business is primarily in the Asia Pacific region.

In the reporting quarter, Venture enjoyed a 33.7% jump in revenue to S$843.1 million. Its net profit attributable to shareholders also experienced a strong 35.6% increase to S$48.6 million. The company managed to maintain a strong balance sheet (a net-cash position of S$375.3 million) as well. But, its free cash flow fell into negative territory during the quarter.

Looking ahead, Venture expects to “execute well.” But the company also warned of “intense industry competition” and how “geopolitical tensions and potential consolidations… may introduce some degree of uncertainty.”

2. Next up we have Jardine Cycle & Carriage Ltd(SGX: C07), which also released its 2017 first quarter earnings in late April. In its reporting quarter, the company’s profit attributable to shareholders spiked by 50% to US$210.4 million on the back of a 16% jump in revenue to US$4.23 billion.

As a quick background, the majority of Jardine C&C’s revenue and profit comes from its 50.1%-owned Indonesian conglomerate, PT Astra. The conglomerate has a diverse business, with segments such as automotive, financial services, heavy equipment and mining, agribusiness, information technology, and infrastructure, logistics and others.

Jardine C&C’s growth was driven by a strong showing by PT Astra that more than offset declines in the company’s direct motor interests.

In its earnings release, Jardine C&C expressed optimism about its future. It said that the “outlook for the rest of the year is positive with Astra expected to benefit from the continued growth in the Indonesian economy, supported by higher commodity prices, although for its automotive activities there is a risk of increasing price competition.”

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.