CSE Global Limited has reported net profit of $5.1 million for the 3QFY2020 ended Sept 30, some 11.6% lower than net profit of $5.7 million a year ago.

In its business update released on Nov 11, the oil, gas and telecommunications operator attributed the decline to the one-off divestment gain of its former subsidiary S3ID Group that netted the group some $0.7 million in 3QFY2019.

The lower net profit was also attributable to the higher effective tax rate levels in 3QFY2020.

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