SYSTEMS integrator CSE Global has secured S$235.3 million worth of new orders for the fourth quarter ended Dec 31, 2024.
In a bourse filing on Wednesday (Feb 19), the company said that the new orders it secured fell 21.6 per cent year on year, from that of the S$300.3 million in the same period a year ago.
The greatest fall in order intake came from the electrification segment, which secured S$139.8 million in Q4 new orders, down 31.1 per cent from S$203.1 million in the corresponding year-ago period.
The company attributed this to the absence of several major electrification projects secured in Q4 2023.
However, it noted that it obtained a major electrification contract worth S$90.7 million in the fourth quarter of 2024.
In total, the company’s ending order book for Q4 2024 came in at S$672.6 million, down 7.9 per cent from the S$730.6 million that it posted in the corresponding quarter the year before.
CSE Global chief executive Lim Boon Kheng said that he expects order intake momentum to remain robust in 2025 as the company expands its engineering capabilities and technology solutions.
CSE Global shares closed flat at S$0.465 on Wednesday, before the announcement.
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