CSE Global bags orders worth $230 mil in 4Q19, full year order wins lifted to $580 mil

SINGAPORE (Feb 4): CSE Global reported that its business sectors had secured about $230 million of new orders for 4Q19 ended December, bringing its full-year orders for FY19 to $580 million. 

In a regulatory filing on Tuesday, the group says that the new orders secured in 4Q19 included the two new oil and gas (O&G) project contracts in the Americas region worth US$74.7 million ($103.7 million) which were announced on October 29, 2019. 

Notably, $190 million of the orders in 4Q19 were secured by the group’s O&G sector. This brings the sector’s full year orders to $430 million, almost double that of $218 million in 2018. 

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