CSE Global's Q3 net profit up 67%

Singapore

CSE Global has posted a net profit of S$5 million in the third quarter, up 67 per cent from the same period a year earlier, on growth in revenue and gross margins, driven by higher takings from oil and gas customers in the Americas.

Revenue in the three months ended Sept 30 rose 8 per cent to S$92.4 million. Gross profit margin rose to 27.5 per cent from 25.1 per cent in the third quarter last year. In 2017, the group's gross margin was 26 per cent.