CSE Global’s net profit jumps 63.2% YoY to $36.8m in FY 2024

Higher revenue contributed to the increase.

CSE Global Limited’s net profit increased by 63.2% year-on-year (YoY) to $36.8m in FY 2024.

The group’s revenue rose in tandem, increasing 18.8% YoY to $861.2m in FY 2024, driven primarily by growth in the Electrification and Automation business segments across the Americas and Asia Pacific regions.

Consequently, the group's gross profit increased by 20.7% YoY to $241.2m.

With improved profit, the company declared an earnings per ordinary share of $0.0391.

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