CSE Global’s revenue up by 4% YoY in Q1

The communications business’ revenue increased by 7.3% YoY to $57.9m.

CSE Global Limited’s revenue increased by 4% year-on-year to $205.5m during the first quarter of the year, driven by its Communications and Automation business segments in the Americas region.

During the period, the communications business’ revenue increased by 7.3% YoY to $57.9m due to revenue contributions from a newly acquired subsidiary, RFC Wireless, Inc.

Meanwhile, the automation business segment grew by 19.6% YoY from higher revenue recognised for control systems projects in the United States.

However, revenue in the electrification business segment declined by 4.1% YoY to $97.5m, mainly attributable to lower revenue contributions from Australia and New Zealand due to project delays.