CSE Global posts 3.9% rise in Q2 net profit to S$4.5m

MAINBOARD-LISTED CSE Global on Wednesday reported a 3.9 per cent rise in net profit to S$4.5 million for the second quarter, in line with higher revenue from its key markets and improved margins.

Revenue from the Americas - the group's largest market - was up 2.1 per cent to S$59.8 million. Contributions from Asia-Pacific, its second-largest market, also surged 23.3 per cent to S$37.8 million.For the quarter, CSE secured S$106.3 million worth of new orders from both greenfield and brownfield projects, taking the order book to S$188.1 million.Second-quarter earnings per share came in at 0.88 Singapore cent, up from 0.84 cent.

The group also saw half-year net profit rise 1.9 per cent to S$10.2 million, on the back of a 0.5 per cent gain in revenue to S$185.3 million. These translated into earnings per share of 2.01 Singapore cents, compared with 1.94 cents in the previous year.

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