Tech firm CSE Global clinched $230m of new orders in Q4

More than half of $190m was secured in its O&G sector.

Tech solutions provider CSE Global secured about $230m of new orders in Q4 2019, according to a press release. This brought their 2019 order intake to around $580m.

About $190m of new orders were secured by the group’s oil and gas (O&G) sector in the quarter and $430m for the full year, which was nearly double the $218m orders recorded in 2018. This included new contracts in America worth $103.7m (US$74.7m) announced last October 2019.

Another $25m was secured by the infrastructure sector in Q4, whilst the mining sector clinched about $16m.

The order book as of 31 December 2019 had exceeded $300m.

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