Even so, CSE Global expects to be in the black for the full of FY2022 ended Dec 31 2022, although it warns that business and operations continue to face uncertainties and challenges.
CSE Global warns that its earnings for 2HFY2022 will be "significantly" lower versus both the year earlier's $4.9 million and the preceding 1HFY2022's $4.5 million.
The engineering company attributes the likely drop in earnings to restructuring costs of $1.3 million, where among other issues, two projects were found to have suffered from cost-overruns.
