CSE Global’s H1 net profit surges 36.4% to $15.0m
The growth was driven by broad-based growth across all business segments and geographical regions.
CSE Global reported a net profit of $15.0m in H1 2024, a 36.4% year-on-year (YoY) increase from $11.0m in H1 2023.
Revenue for the period also grew 22.8% YoY to $428.9m from $349.3m a year ago.
The increase was driven by broad-based growth across all business segments and geographical regions.
CSE Global’s electrification segment led revenue growth with a 32.4% YoY increase to $216.7m, driven by new major contracts secured.
This was followed by the automation business segment, which saw a 25.5% YoY revenue growth to $20.0m due to organic growth in the Americas and APAC.