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ISDN reports record 3QFY2021 earnings of $8.6 mil, up 56.8% y-o-y

The Edge Singapore
The Edge Singapore11/12/2021 05:27 PM GMT+08  • 2 min read
ISDN reports record 3QFY2021 earnings of $8.6 mil, up 56.8% y-o-y
The company improved its net margin by 4.2 percentage points to 11.3%
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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.

See: Union Gas overall winner, transits to Mainboard; ISDN Holdings and China Everbright Water snare respective wins

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.

See also: Second Chance set to report higher 1HFY2023 net profit

“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.

For more stories about where the money flows, click here for our Capital section

ISDN closed Nov 12 at 65 cents, up 4.84% for the day and 51.16% year to date.

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