ISDN Holdings Limited Provides Earnings Guidance for the Year 2020
February 22, 2021 at 10:15 am IST
ISDN Holdings Limited announced that pursuant to the Company's 19 February 2021 Profit Alert, based on the Company management accounts, the Group experienced a strong growth momentum and expects to record a revenue of approximately SGD 361.9 million for the full fiscal year 2020 ("FY2020"), representing approximately 24% growth as compared to that for the full fiscal year 2019. As such, the Group expects to record an increase in profit of more than 80% for the fiscal year 2020 after offsetting the allowance for impairment due to the Group's prudent approach to the pandemic risk environment.