CSE Global Limited has secured two contracts worth US$110.2 million ($151.01 million) in the US, following the signing of three contracts worth $47.5 million with the Singapore government and the US just one month prior.
The global systems integrator will provide the design and manufacturing of power distribution centres, and integration of complex electrical and control systems and equipment in the US, which are slated for execution between 2024 and 2025.
The group says that these contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share for the current financial year.
CSE’s group managing director, Lim Boon Kheng says: “These new contracts will strengthen our pursuit in the infrastructure sector, which is currently driven by the growing megatrends of urbanisation and electrification, and are expected to contribute positively to CSE Global 544 ’s financial performance for the financial years 2024 and 2025.”
Shares in CSE Global closed 0.5 cents lower or 1.19% down at 42 cents on Oct 17.
