KUALA LUMPUR: Serba Dinamik Holdings Bhd registered a net profit of RM112.52 million and revenue of RM1.38 billion for the last (fifth) quarter ended March 31, 2021.
There is no quarter-on-quarter comparison Serba Dinamik changed its financial year-end to June 30, 2021 (FYE21) from December 31, 2020.
For the quarter, the company's operations and maintenance (O&M) segment was the largest contributor to the revenue, at RM1.26 billion or 90.5 per cent of the total revenue.
"This was the result of resilience and robust maintenance, repair and operations (MRO) and inspection, repair and maintenance (IRM) activities in the Middle East region namely United Arab Emirates (UAE), Qatar and Oman, followed by Malaysia.
"Contributing RM99.32 million or 7.2 per cent of revenue was the company's engineering, procurement, construction and commissioning (EPCC) segment, which came in as the second-largest revenue contributor," it said.
Serba Dinamik said Malaysia remains the largest revenue contributor, providing RM409.31 million or 29.6 per cent of total revenue for the quarter.
Southeast Asia region contributed RM432.77 million or 31.3 per cent of total revenue while the Middle East contributed RM898.15 million or 64.9 per cent.
Central and South Asia contributed RM40.84 million or 2.9 per cent of the total revenue.
The remaining contributions came from Tanzania and the United Kingdom at RM8.30 million or 0.6 per cent and RM4.20 or 0.3 per cent respectively.
For a cumulative 15 months, the company registered a net profit of RM833.59 million, while its revenue stood at RM7.40 billion.
Group managing director and group chief executive officer Datuk Mohd Abdul Karim Abdullah said whilst the company's core revenue contributors remain to be the O&M and EPCC segments, Serba Dinamik aggressively growing its information, communication and technology (ICT) business locally and globally.
Karim said the Covid-19 pandemic and current Movement Control Order (MCO) has pushed the urgency for Serba Dinamik to grow and explore strategic sectors of the economy.
"The company has been persistent and proactive in pursuing new opportunities in the non-oil and gas areas.
"Our entry into the space industry is via the opportunity to provide connectivity to the unserved and underserved areas in the rural areas of the country.
"We focused on providing solutions to these areas by utilising the satellite broadband connectivity to narrow down the urban-rural digital divide," he said.
Karim also said Serba Dinamik wants to give assurance to its valued shareholders and stakeholders that the company is doing its utmost to resolve the current issues in the most speedy and efficient manner possible.
"We wish to emphasize that we have been operational with business remains as usual, and we are optimistic and confident on the company's prospects despite the current circumstances arising from the Covid-19 pandemic," he added.