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CSE Global secures $91 mil in new orders for 3Q2020

Felicia Tan
Felicia Tan10/22/2020 07:04 PM GMT+08  • 2 min read
CSE Global secures $91 mil in new orders for 3Q2020
As at Sept 30, CSE Global’s order book remained robust at $267.0 million.
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Global technology solutions provider CSE Global says its business sectors have secured $91.0 million of new orders, compared to $156.1 million secured in 3Q2019.

The lower new orders this quarter is mainly due to the decline in orders from CSE Global’s Oil & Gas and Mining & Minerals segments, mitigated by the increase in Infrastructure.

“The lower orders in Oil & Gas segment was due to the impact of the current oil and gas market environment as well as from a one-time adjustment of order intake in 3Q2019 due to the consolidation of the order book of Volta, which was acquired at end of August 2019,” says the company.

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