CSE Global has reported earnings of $22.5 million for FY2023, up 372%. Revenue in the same period was up 30% to $725.1 million, with growth seen across its major business lines.
The company plans to pay a final dividend of 1.5 cents per share, bringing full-year payout to 2.75 cents.
Group managing director and CEO Lim Boon Kheng says the company did "exceptionally well" for FY2023, with "record order wins and order book, strong revenue and net profit growth."
The company generated strong cash inflow from operations and a return on equity of 10.4%.
"We are very grateful to our customers for entrusting us with their engineering needs, bringing our order wins to an all-time high.”
As at Dec 31 2023, the company had an orderbook of $730.6 million.
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With continued growth in its electrification and communications businesses, the company says it is "well positioned" to achieve a stronger financial performance in the current FY2024.
CSE Global shares closed at 43 cents on Feb 27, up 1.18%.
