Disposal gains boost CSE Global full-year profit

TECHNOLOGY firm CSE Global ended the FY2013 with profit attributable to equity-owners rising 93.9 per cent from $56.1 million to $108.8 million, a large chunk of which were disposal gains.

The earnings - after non-controlling interests of $1.37 million - comprised $4.8 million from continuing operations (after a goodwill write-off of almost $27 million), $15 million from discontinued operations and $90.4 million gains from subsidiary and associated company disposals.

Earnings per share for the year were 21.08 cents, up from 10.87 cents.