CSE Global Limited, a global systems integrator, announced it secured S$235.3m in new orders during the fourth quarter of 2024. This includes a significant S$90.7m Electrification contract. Compared to the previous year, the company saw an 18.6% increase in order intake, excluding major contracts from both years.
The Electrification segment led the order intake with S$139.8m, accounting for 59.4% of the total. However, this was a 31.1% decrease from the previous year due to the absence of several major projects. The Communications segment contributed 23.7% with S$55.7m, whilst the Automation segment secured S$39.8m, showing a 41.4% year-on-year growth when excluding a major US contract from 2023.
Group Managing Director and CEO of CSE Global, Lim Boon Kheng, expressed optimism for the future, stating, “We expect order intake momentum in 2025 to remain robust as we expand our engineering capabilities and technology solutions.”
The company concluded the financial year with an order book of S$672.6m. These developments are not expected to materially impact the Group’s net tangible assets or earnings per share for the year ended 31 December 2024.
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