Published:
CSE Global's profits up 5.8% to $11.4m
But revenue dropped 6.3% to $122m.
According to OCBC Investment Research, CSE Global Limited reported its 3Q13 results this morning, with PATMI growing 5.8% YoY to S$11.4m despite a 6.3% decline in revenue to S$122.0m.
Here's more:
Revenue came in within our expectations but bottomline missed due largely to a higher-than-estimated effective tax rate.
For 9M13, revenue fell 12.5% to S$358.1m while PATMI (before discontinued operations and one-time gains) rose 7.1% to S$36.5m. These formed 73.7% and 71.7% of our full year forecast, respectively. We will attend an analyst briefing and will provide more details thereafter.
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