Serba Dinamik’s earnings, revenue rise in 2Q20 | Malay Mail

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KUALA LUMPUR, Aug 25 — Serba Dinamik Holdings Bhd’s net profit rose to RM147.88 million in second quarter ended June 30, 2020 (2Q20), from RM130.44 million in the same period last year. Revenue for the quarter increased to RM1.44 billion from RM1.14 billion a year earlier due to strong...

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.

 

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