KUALA LUMPUR, Aug 25 — Serba Dinamik Holdings Bhd’s net profit rose to RM147.88 million in second quarter ended June 30, 2020 , from RM130.44 million in the same period last year.
O&M contributed 83.2 per cent of revenue in 2Q20 with an increase of RM244.3 million or 25.7 per cent a year earlier due to higher activities from its maintenance repair and overhaul activity in the Middle East region such as United Arab Emirates , Qatar, Oman, and Malaysia. The group’s year-to-date net profit rose to RM281.60 million from RM242.59 million year-on-year while revenue appreciated to RM2.72 billion from RM2.12 billion a year earlier.
Malaysia ranked as second-biggest revenue contributor by country, recording a total of RM394.1 million for 2Q20 or 27.4 per cent of total revenue, an improvement of 16.4 per cent against the same period in 2019.