CSE Global bags S$114.9m in new orders for Q2, order book up 57% y-o-y

Singapore

MAINBOARD-LISTED firm CSE Global secured S$114.9 million in new orders for the second quarter of 2020, an 8.5 per cent increase from a year ago.

The growth in new orders was driven by the infrastructure and the mining-and-minerals segments. Infrastructure pulled in S$38.2 million in orders - a 19.9 per cent rise; mining and minerals took in S$22.8 million worth of orders, or 65.5 per cent more. Total order value for the oil-and-gas segment slid 10.6 per cent to S$53.8 million.