CSE Global's Attributable Profit Slips Nearly 2% in H2 2024; Shares Drop 3%

MT Newswires

02-27

CSE Global's (SGX:544) profit attributable to equity holders declined 1.7% during the second half of 2024 to SG$11.3 million from SG$11.5 million a year earlier, according to a filing with the Singapore Exchange on Wednesday.

Earnings per share dropped to SG$0.0162 from SG$0.0187 in the comparable period.

Revenue, however, rose 15% year over year to SG$432.3 million from SG$375.8 million, mainly due to strong performance from the electrification business segment.

CSE Global also declared a final dividend of SG$0.0115 per share, compared with a final dividend of SG$0.015 in the year-ago period.

Shares of the technology company were down over 3% in recent trading.

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