CSE wins $84.8 mil infrastructure project contracts in 4Q
SINGAPORE (Jan 15): CSE Global, global technology solutions provider, secured infrastructure project contracts with a combined value of $84.8 million in 4Q18, bringing the full year 2018 orders to $150.5 million, a 43.6% increase from 2017.
These new orders including government contracts in Singapore involved projects ranging from process control solutions and systems, telecommunication and security systems, and maintenance works.
Lim Boon Kheng, group managing director of CSE, says, “We are delighted to have secured these infrastructure contracts and seeing our customers continue to leverage on our expertise and placing their trust in our solutions and services. We will continue to focus on our strategy to win more brownfield and greenfield orders to build a strong order book pipeline going forward. These projects are expected to contribute positively to CSE’s financial performance for the financial years in 2019 and beyond.”
For the current financial year, these contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the group. None of the directors or substantial shareholders of CSE has any interest, direct or indirect, in the contracts.
Shares in CSE Global last traded at 40 cents.
