CSE posted a good set of 3QFY10 results

CSE posted a good set of 3QFY10 results on 11 Nov, after the close of trade. Revenue rose 7% from $102M in 3QFY09 to $109M in 3QFY10. Net profit rose 19% from $12M in 3QFY09 to $14M in 3QFY10. EPS rose 12% from 2.5SGD cts in 3QFY09 to 2.8SGD cts in 3QFY10. Excluding FX translation effects, 3QFY10 revenue and net profit would have risen by 14% and 26% respectively. Some interesting points 4Q should be stronger with more recognition from more projects; Contract wins should be stronger underpinned by gas projects in UAE, Australia and healthcare projects in the UK Dividend […]