SINGAPORE (June 4): Market watchers are taking a second look at systems integrator CSE Global following its strong set of results for 1Q20 ended 30 March.

The company clinched $127.2 million in new orders, across its operations in oil and gas (O&G), infrastructure and mining. This is a 46.6% increase from the $86 million worth of orders secured in 1Q19, the company announced in a May 4 regulatory filing.

The bulk of the 1Q orders of some $87.8 million came from customers in the O&G sector, while $25.5 million was from its infrastructure operations. The remaining $13.9 million comes from the mining sector. Together with existing projects, CSE’s order book amounted to $302.7 million as at March 31, up 66.9% from 1Q20.                                                                                                      

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