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ISDN reports higher 1QFY2022 earnings despite slightly lower revenue

The Edge Singapore
The Edge Singapore6/12/2022 05:07 PM GMT+08  • 1 min read
ISDN reports higher 1QFY2022 earnings despite slightly lower revenue
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ISDN Holdings has reported revenue of $94.7 million for 1QFY2022 ended March, down 3.8%.

Even so, earnings for the same period was up 5.8% y-o-y to $6.4 million, thanks partly to better gross margins of 27.9%, up 0.9 points from 1QFY2021.

“Despite the significant challenges of operating while under Covid-19 restrictions in our China operations, we are pleased that our employees were able to react with agility to mitigate impact on our business,” says managing director and president Teo Cher Koon (picture).

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