Shares in industrial automation firm ISDN opened 8.7% higher at 69 cents on April 27 from its last close price of 63.5 cents on April 26, after it reported earnings of $6.1 million for the 1QFY2021 ended March, 95.4% higher than earnings of $3.1 million in the 1QFY2020.

The group saw broad revenue growth across its customer portfolio in 1QFY2021 as it posted revenue of $98.4 million, 23.4% higher y-o-y.

Gross profit rose 52.4% y-o-y to $26.5 million, while gross profit margin increased by 5.2 percentage points y-o-y to 27%.

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