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CSE Global's Q1 earnings down 12.1%

Published on May 12, 2014 10:35 PM

Technology firm CSE Global posted weaker first quarter earnings on Monday, after delays in projects affected its operations in the Americas.

Net profit for the three months to Mar 31, after discounting revenue from its discontinued operations, came in at $7.5 million, down 12.1 per cent from a year ago.

Revenue was $93.2 million, down 3.5 per cent from $96.6 million in the same period.

Its operations in Asia-Pacific contributed $40.1 million in the first quarter, accounting for 43.1 per cent of its revenue.

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