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CSE Global Q4 earnings drop

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CSE Global fourth-quarter net profit dropped 23.6 per cent to S$6.2 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

CSE Global fourth-quarter net profit dropped 23.6 per cent to S$6.2 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

For the three months ended Dec 31, revenue tumbled 20.7 per cent to S$78.3 million from the year-ago period. Earnings per share slid to 1.19 Singapore cents from 1.56 Singapore cents in the year-ago period.

Dividend per share was 1.5 Singapore cents, bringing the total dividend for FY 2016 to 2.75 Singapore cents which it said was flat from the previous year. CSE Global shares finished S$0.01 or 2 per cent lower at S$0.485 on Thursday before the results were out.

sentifi.com

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