By geography, all of CSE Global (SGX:544
) ’s markets registered y-o-y growths as well. This was led by the Americas followed by Asia Pacific (APAC) and Europe, Middle East and Africa (EMEA).
CSE Global has reported earnings of $15 million for the 1HFY2024 ended June, 36.4% higher y-o-y.
The higher earnings stemmed from increases in the group’s revenue and net profit. Revenue for the period rose by 22.8% y-o-y $428.9 million mainly due to growth across all of the group’s business segments and geographical regions. The group’s electrification segment rose by 32.4% y-o-y to $216.7 million while its communications segment was up by 6.1% y-o-y to $113.6 million. Its automation segment revenue rose by 25.5% y-o-y to $98.6 million.
