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CSE Global’s H1 earnings rise 47.7% with newly-acquired US, Aussie units

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CSE Global, a tech-solutions provider to the oil and gas and mining industries, saw its earnings for H1 FY2020 ended June rise 47.7 per cent to S$15.1 million, on the back of contributions from its newly-acquired units in the US and Australia. Read more at The Business Times.

The strong bottomline was a result of contributions from the Volta units and RCS, as well as robust core operations, CSE said.

CSE’s order book also grew, with H1 order intakes rising 25.7 per cent to S$242.1 million. New orders came mainly from the Americas and the Asia-Pacific across all segments. The firm’s outstanding order book grew 56.6 per cent to stand at S$293.8 million as of end-June.

 

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