Mainboard-listed ISDN Holdings, the motion control and industrial computing engineering specialist, says net profit for the third quarter of FY2010 (3QFY2010) rose nearly three-fold to $2.6 million in 3QFY2010 from $0.9 million in 3QFY2009.

The rise was backed by revenue growth of 50.5% from $28.4 million in 3QFY2009 to $42.8 million in 3QFY2010. That brought the nine-month tally to $118.4 million for 9 months ended 30 September 2010 (9M ended 30 Sep 2010) in group revenue, an increase of 65.2% y-o-y, from $71.6 million previously for 9 months ended 30 September 2009 (9M ended 30 Sep 2009), generating net profit of $8.1 million for 9M ended 30 Sep 2010, a four-fold jump, from $2.0 million for 9M ended 30 Sep 2009.

Earnings per share at the nine-month mark rose from 0.49 cents for 9M ended 30 Sep 2009 to 3.14 cents for 9M ended 30 Sep 2010 while net asset value per share rose marginally from 25.87 cents as at 30 September 2009 to 28.41 cents as at 30 September 2010. Cash and cash equivalents stood at $22.1 million as at 30 September 2010, up from $19.9 million as at 30 September 2009.