There is a one-off expense of $10 million from an arbitration settlement and if included, earnings increased by 16.9% y-o-y to $26.3 million.
CSE Global, known as a generous dividend payout stock, has cut its 2HFY2024 payout. Nonetheless, given the brighter prospects of stronger order wins, analysts have raised their respective target prices for the stock.
On Feb 26 CSE Global (SGX:544
) reported earnings of $36.8 million for its FY2024, up 63.2% over the preceding year ended Dec 31 2023.
