ISDN Holdings’ net profit increases by 25% YoY in FY2024

The final dividend is set at $0.0047, representing a payout ratio of 25%.

ISDN Holdings Limited’s net profit increased by 25% year-on-year (YoY) to $ 14m in FY2024, whilst profit attributable to shareholders grew 72% to $8.5m.

Group revenue grew by 9% YoY to $372.4m in FY2024, with growth in all key business units and regions.

Gross margin for FY2024 declined by 1.2 percentage points, mainly attributable to cyclical mix shift as weakness in the semiconductor and electronics sectors shifted mix toward solutions with slightly lower margins.

“The Group is seeing early recovery in the semiconductor and electronics segments, consistent with global trending, and remains confident that these sectors should provide solid long-term growth out of the downcycle,” the group said in a bourse filing.

The final dividend is set at $0.0047, representing a payout ratio of 25%.

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