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CSE Global reports FY2020 earnings of $28 mil, up 16.4%

The Edge Singapore
The Edge Singapore2/23/2021 05:56 PM GMT+08  • 2 min read
CSE Global reports FY2020 earnings of $28 mil, up 16.4%
As at Dec 31 2020, its order book was at $236 million.
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Engineering firm CSE Global has reported revenue of $502.8 million for FY2020, up 11.3% over FY2019. Thanks to better margins, the company’s earnings increased by 16.4% y-o-y to $28 million.

Lim Boon Kheng, group managing director calls the FY2020 numbers commendable. “However, the current market environment still presents numerous uncertainties going forward: Covid-19 pandemic, oil & gas prices and global economic outlook,” he warns.

“Despite the uncertainties in the coming months, the group remains confident to achieve a satisfactory financial performance for 2021,” he says.

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