CSE Global said its outstanding order book as at end-3Q20 stood at S$267.0 million, a 14.8% growth over 3Q2019 of S$232.6 million. In 3Q, it secured about S$91.0 million of new orders (3Q19: S$156.1 million) on a continuing operations basis. The lower new orders was mainly driven by Oil & Gas and Mining & Minerals segments, partially offset by the growth in new orders for the Infrastructure segment.
|
S$'m |
1Q20 |
2Q20 |
3Q20F* |
Revenue |
131.9 |
123.7 |
$118 m |
Net Profit |
7.1 |
8.0 |
? |
Net Profit change (y-o-y) |
+23% |
+78% |
|
* CSE is expected to unveil its 3Q20 financial performance in Nov. |
The earlier reported figure for end-2Q20 orderbook was S$293.8 million.
With the above figures, investors can deduce CSE's 3Q20 revenue (and likely profits).
The 3Q20 revenue can be estimated as follows: S$293.8 million + S$91.0 million - S$267.0 million = $117.8 million.
Compared with S$111.5 million in 3Q2019, the revenue growth was 5.7% y-o-y.
(S$’000) |
Order intake |
||
Industry Segments |
3Q2020 |
3Q2019 |
Change |
Oil & Gas |
48,434 |
116,958 |
- 59% |
Infrastructure |
30,289 |
25,123 |
+21% |
Mining |
12,305 |
14,058 |
-13% |
Total |
91,028 |
156,139 |
- 42% |
Regarding its 3Q order intake, CSE said lower orders in the Oil & Gas segment was due to the impact of the current oil and gas market environment as well as from a one-time adjustment of order intake in 3Q2019 due to the consolidation of the order book of Volta, which was acquired at end of August 2019.
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