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Briefing Details |
Management Present |
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Date |
THURS, 19 March 2020 |
MD |
Teo Cher Koon |
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Time |
3.00 PM – 4.00 PM |
CFO |
Christine Ho |
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Mode |
Teleconference [Dial-in details to be notified after your RSVP] |
Novo Tellus partner Keith Toh will also participate |
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CK Teo, MD of ISDN, with CFO Christine Ho. NextInsight file photo.ISDN delivers growth in revenue and net profit for 4Q2019
• Revenue grew 11.5% year-on-year to S$79.3 million for 4Q2019, driven by rebounding demand for high-tech precision control systems in the medical device industry.
• Gross profit was up 10.8% year-on-year to S$21.6 million for 4Q2019, in line with revenue growth.
• Despite impacted costs due to the general market slowdown, ISDN turned a profit of S$0.9 million for 4Q2019, as compared with the S$1.2 million loss in 4Q2018.
• ISDN has active initiatives underway to further centralise its engineering and administrative operations. These initiatives should increase productivity and cost efficiency, while also helping to realise scale economies as ISDN continues to grow its Industry 4.0 capabilities and commercial opportunities.
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About ISDN Holdings Limited
Founded on its precision and motion control engineering capabilities in 1986 and listed on the Main Board of the Singapore Exchange Securities Trading Limited since 2005, ISDN Holdings Limited has today transformed into a multi-industry corporation with more than 60 offices spanning key Asian growth markets. ISDN is also listed on the Main Board of the Stock Exchange of Hong Kong Limited since 12 January 2017.
ISDN is dominant in the niche areas of motion control, other engineering solutions and industrial computing. ISDN's customised engineering solutions cater to different industrial sectors including medical, robotics, factory automation, energy, manufacturing, hard disk and semiconductor industries. By leveraging its alliances with strategic partners in Europe and Asia, ISDN is able to combine and thereupon benefit from the best-in-class technology and business systems these collaborations have to offer. For more information, please visit www.isdnholdings.com
