CSE Global swings back into the black with 4Q earnings of $4.9 mil; proposes 1.5-cent final dividend

SINGAPORE (Feb 20): Technologies company CSE Global declared earnings of $4.9 million for the 4Q ended December, reversing back into profitability from its restated loss of $39.1 million due to improved margins.

This comes despite a 14.2% y-o-y decline in quarterly revenue to $100.1 million from revenue of $116.7 million a year ago, as gross margin improved to 30.2% in 4Q18 from 24.8% the previous year.