CSE Global’s earnings for 1HFY2021 ended June 30 has dropped by a third to $10.1 million, on the back of a 8.3% decline in revenue to $234.5 million for the same period, as projects got delayed which affected revenue recognition.
Even so, group managing director Lim Boon Kheng calls the results “resilient”, given the on-going pandemic and uncertain economic outlook.
The company’s order book as at June 30 was $212.1 million.
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