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.