ISDN Holdings, on Feb 19, has guided that it expects to record an increase in earnings of over 80% for the FY2020 ended December.
The increase, according to the company, is attributable to continued strong demand from its core industrial automation business.
SEE:ISDN 'priced in', downgraded to 'hold': CGS-CIMB
The higher earnings is also due to growth in construction revenue from the company’s energy business as it makes further commercial progress on its mini-hydropower plants.
Shares in ISDN closed 1.5 cents lower or 2.2% down at 66.5 cents on Feb 19.
