Edited by: Sheera Abg Mansor
KUCHING: Global integrated engineering services provider Serba Dinamik Holdings Bhd (Serba Dinamik) saw significant growth of 34.7 per cent in revenue at RM984.39 million for the first quarter ended March 31, 2019 (1QFY19).
While notable improvements of 29 and 21.2 per cents correspondingly are shown in both the rising of Profit Before Tax (PBT) and Profit After Tax (PAT) to RM124.49 million and RM112.38 million respectively from RM96.52 million and RM92.73 million recorded for 1QFY18.
Based on the Borneo Post, the improvement in revenue was continuously driven by the operations and maintenance (O&M) segment, which contributed approximately 87.2 per cent at RM858.73 million to the group’s total revenue.
Meanwhile, the group’s engineering, procurement, construction and commissioning (EPCC) segment contributed RM111.23 million to the total revenue for Q1FY19, equivalent to 11.3 per cent.
The balance of the Group’s total revenue of RM14.43 million was contributed by its Other Products and Services segment.
All three business segments of Serba Dinamik, namely O&M, EPCC and Other Products and Services’ commendable improvement reflected in its revenue was mainly due to higher activities from maintenance, repair and overhaul of rotating equipment (MRO) in Malaysia, Indonesia and the Middle East region such as Qatar, Bahrain and UAE.
Source: Borneo Post