As such, group profit increased to $241.2 million for FY2024 by 20.7% y-o-y. Gross margin remained stable at 28%.
CSE Global has reported a net profit of $36.8 million for the FY2024 ended Dec 31, 2024, up 63.2% y-o-y. For 2HFY2024, the group saw a 88.7% y-o-y increase in net profit to $21.7 million.
In FY2024, group revenue increased 18.8% y-o-y to $861.2 million, primarily driven by the electrification and automation business segments in the Americas and Asia Pacific regions.
