ISDN Holdings Limited (SG:I07) has released an update.
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ISDN Holdings Limited has reported modest revenue growth in the first half of 2024, with a 2.4% year-over-year increase, as it continues gaining market share in China and sees its hydropower business revenue more than double. Despite these gains, the company’s earnings to shareholders fell by 17.4% as it invests for future growth amidst a global manufacturing downcycle. ISDN is actively balancing costs and long-term growth prospects, and is expanding strategic opportunities in high-growth industrial automation markets.
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