29 Nov '16, 2am

CSE Global’ share price crashed to six years low: In a sign of how far the oil and gas sector has declined, systems… https://t.co/6rckZcIR4Z

In a sign of how far the oil and gas sector has declined, systems integrator CSE Global’ share price crashed to six years low after the company announced a set of poor financial results for the quarter ended 30 September 2016. Profit after tax decreased by a whopping 52.7% year-on-year while revenue dropped 21.6% year-on-year. I have previously covered on CSE global before in my blog . CSE Global operates in two business segments: process controls (74.0%) and communications and security (26.0%). The company used to be the electronics arm of Singapore Technologies (ST) but after a successful management buy-out in 1997, the company was listed in the Singapore Exchange in 1999. Following a string of acquisitions made over the last two decades, CSE Global has evolved into a technology giant with 30 offices across the world and generated more than 95% of its revenues outside Si...

Full article: http://thefinance.sg/2016/11/29/cse-global-share-price-cr...

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