The company, listed on Feb 8 as the year
KUALA LUMPUR: Serba Dinamik Holdings Bhd
's net profit rose 7.18% to RM82.88mil from RM77.33mil in Q1FY17.
This came on the back of a 6.09% increase in revenue to RM649.7mil as compared to RM612.4mil in the immediate preceding quarter ended March 31, 2017.
The operation and maintenance (O&M) segment made a contribution of RM538.5mil or 82.9% to total revenue. Malaysia, Qatar and Bahrain were the biggest country contributors to this segment, which recorded operating profit of RM95.8mil.
Engineering, procurement, construction and commissioning (EPCC) was the most improved segment in terms of revenue and profit compared to the immediate preceding quarter, with contributions that rose 95% and 115% respectively.
EPCC contributed RM110.3mil or 17% to total revenue and recorded an operating profit of RM20.1mil.
The revenue was “mainly derived from operations in United Arab Emirates through contracts with New Thunder Technical Services as well as from One Power River Sdn. Bhd. for the construction of mini-hydro power plant in Kota Marudu, Sabah and Konsortium Amanie JV Sdn Bhd for the construction of the water treatment plant in Terengganu,” the company said in its statement.
Other revenue amounting to RM950,000 was derived from other products and services such as the provision of IT-related services and technical training programmes.
The company has declared a dividend of 1.5 sen per share with ex and payment dates on Aug 28 and Sept 20 respectively.
At market close, the counter was unchanged at RM1.91 on volume of 9.36 million shares.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
