KUALA LUMPUR: Serba Dinamik Holdings Bhd (Serba Dinamik) revenue rose 33.4 per cent to RM1.82 billion its fourth quarter (Q4) ended 31 December 2020 (FY20) as compared to RM1.36 billion posted same quarter last year.
Net profit rose 44.1 per cent to RM202.10 million as compared to RM140.25 million same quarter in FY19.
The improvement in revenue continued to be driven by the group's largest contributor, the operations and maintenance (O&M) segment, which contributed approximately 82.5 per cent at RM1.50 billion to the group's total revenue, recording an increase of 29.2 per cent as compared to RM1.16 billion recorded in Q4 FY19.
This was mainly due to higher volumes from the maintenance, repair and overhaul of rotating equipment (MRO) activities in the Middle East region and Malaysia.
Meanwhile, the group's engineering, procurement, construction and commissioning (EPCC) segment contributed 11.2 per cent or RM203.03 million to the total revenue for Q4 FY20, showing a significant increase of 41.1 per cent as compared to RM143.93 million recorded for Q4 FY19.
The segment was mainly derived from our various contracts in United Arab Emirates (UAE), Turkmenistan and Malaysia.
The group's information, communication and technology (ICT) segment has shown significant growth with contribution of approximately 6.2 per cent or RM113.01 million of the total revenue, an increase of 99.7 per cent as compared to RM56.59 million in Q4 FY19.
This is the outcome of the group's aggressive expansion of its operation in ICT activities worldwide.
Apart from contribution of the existing contracts which are mainly customised solutions in software developments, the amplification was largely contributed by contracts in UAE and Qatar for services relating to the Extended Reality (XR) training applications.
Geographically, Malaysia continued to be the largest contributing country with 37.9 per cent at RM688.70 million to the total revenue for Q4 FY20.
The South East Asia region in which Malaysia is included, has contributed RM732.24 million or 40.3 per cent to the revenue for Q4 FY20.
The Middle East Region contributed RM1.01 billion or 55.8 per cent to the company's total revenue.
The remaining contribution came from Central & South Asia region at RM59.06 million or 3.3 per cent, Africa region at RM8.32 million or 0.5 per cent and finally Europe at RM 3.68 million or 0.2 per cent.
For the financial year ended 31 December 2020 (FY20), the group registered a total revenue of RM6.01 billion, showing a significant increase of 32.8 per cent as compared to RM4.53 billion recorded in FY19.
Net profit for FY20 posted 26.9 per cent improvement at RM632.10 million as compared to RM497.98 million for FY19.
Group managing director and group chief executive director Datuk Dr Ir Ts Mohd Karim Abdullah said despite the Covid-19 challenges this year, the company has shown improvement from the top and bottom line for FY20 in comparison to FY19.
"We have succeeded to deliver strong performance from both our O&M and EPCC. This is possible mainly due to commitment and focus on our core competencies as we continue to grow rapidly locally and internationally.
"As we embrace digital transformation, we must capitalise on this opportunities and innovate new business models to create new income streams to stay sustainable," he said in a statement today.
Karim said this year the company have secured 11 projects in Malaysia, Indonesia and India.
"These contracts gives the company a good momentum to start 2021, we strive to give full effort and commitment to continuously obtain good performance as we are confident that the Group will deliver promising results for financial year ending 2021," he said.
For the financial year ending 31 December 2020, the board has declared a fourth interim single-tier tax-exempt dividend of 1.60 sen per ordinary share to be paid on 30 March 2021.