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CSE Global’s Q3 revenue swells 20.5% but order book shrinks
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CSE Global reported a 20.5% increase in Q3 revenue to S$257.7 million, driven by its electrification business. However, its order book shrank 26.2% due to a lack of major projects. The company plans to expand in the US and Australia and focus on traditional business for its automation arm. Despite economic uncertainties, CSE Global aims to capitalize on rising demand for data centres and emerging market trends. Shares rose 2.1% to S$0.97.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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