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ISDN 1Q earnings nearly double to $2.7 mil

PC Lee
PC Lee5/15/2017 09:37 PM GMT+08  • 1 min read
ISDN 1Q earnings nearly double to $2.7 mil
SINGAPORE (May 15): ISDN Holdings, the integrated engineering solutions provider, reported 1Q earnings nearly doubled to $2.7 million from a year ago.
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SINGAPORE (May 15): ISDN Holdings, the integrated engineering solutions provider, reported 1Q earnings nearly doubled to $2.7 million from a year ago.

Revenue increased 11.6% to $67.7 million. The group benefitted from the ongoing capital spending in the semiconductor industry, and also recorded increased order levels from existing customers.

Administrative expenses rose 6.2% to $7.6 million from a year ago arising mainly from higher professional expenses incurred in connection with the listing amounting to $1.1 million and $0.5 million for 1Q17 and 1Q16 respectively.

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