ISDN Holdings has reported record earnings of $8.6 million for 3QFY2021 ended Sept 30, up 56.8% y-o-y. For the nine months, it booked a profit of $20.8 million, up 37.9% y-o-y.
Revenue, meanwhile, was up 10.2% y-o-y to $106.7 million for the same quarter, and up 22.7% y-o-y to $323.8 million for the nine months, with broad-based growth.
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The company provides a range of engineering products and services to industries ranging from semiconductor to healthcare.
Thanks to better operating efficiency, the company enjoyed a significant lift in its net margin, with an increase by 4.2 percentage points to 11.3% for 3QFY2021.
“We’re pleased with the financial results of our diversified growth strategy, and remain very focused on continuing to grow our capabilities so that we can keep serving Asia’s massive and growing shift to Industry 4.0,” says managing director and president Teo Cher Koon.
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“We remain optimistic about ISDN’s comprehensive strategic position, and are clearly seeing increasing benefits of our scale and strategic focus as we grow our results and capabilities over time,” he adds.
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ISDN closed Nov 12 at 65 cents, up 4.84% for the day and 51.16% year to date.
