Besides its industrial automation businesses, ISDN runs hydropower plants in Indonesia, which have reached commercialisation after years.
Weighed by the semiconductor down cycle, ISDN Holdings (SGX:I07
) has reported lower earnings of $4.95 million for FY2023, down 66.1% over the preceding 12 months ended Dec 2022. Revenue in the same period was down 7.8% y-o-y to $341.8 million.
For FY2023, the company's gross margin dropped by 1.9 points, but ISDN expects to recover sequentially along with the industry upcycle.
