The Southeast Asia region contributed RM432.77 million or 31.3 per cent of Serba Dinamik’s total revenue.
KUCHING: Serba Dinamik Holdings Bhd (Serba Dinamik), a global integrated engineering services provider, announced that the group registered RM1.38 billion in revenue for the quarter under review ended March 31, 2021 (5QFY21)
Accordingly, the group recorded profit before tax (PBT) of RM127.26 million and profit after tax (PAT) of RM112.52 million for the quarter under review.
For this quarter, there is no comparison for the corresponding quarter of the previous financial year as Serba Dinamik has changed its financial year end to June 30, 2021 (FYE21) from December 31, 2020 on May 7, 2021.
For 5QFY21, the group’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 overhaul (MRO) and inspection, repair and maintenance (IRM) activities in the Middle East region namely UAE, Qatar and Oman, followed by Malaysia.
Contributing RM99.32 million or 7.2 per cent of revenue was the group’s engineering, procurement, construction and commissioning (EPCC) segment, which come in as the second-largest revenue contributor.
The group’s information, communication and technology (ICT) segment brought in approximately RM30.79 million or 2.2 per cent of the total revenue which was derived mainly from services related to customised solutions involving software developments and also extended reality (XR) training applications.
The group’s education and training (E&T) segment provided revenue of approximately RM1.61 million or 0.1 per cent mostly from Serba Dinamik Education Sdn Bhd, also known as University Malaysia of Computer Science & Engineering (UNIMY). UNIMY is an ICT education platform nurturing graduates specialising in ICT skills.
Geographically, Malaysia remains as the largest revenue contributor, providing RM409.31 million or 29.6 per cent of total revenue for 5QFY21.
The Southeast Asia region contributed RM432.77 million or 31.3 per cent of total revenue. The Middle East contributed RM898.15 million or 64.9 per cent while 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 UK at RM8.30 million or 0.6 per cent and RM4.20 or 0.3 per cent respectively.
“Whilst our core revenue contributors remain to be the O&M and EPCC segments, we are aggressively growing our ICT business locally and globally,” Serba Dinamik group managing director and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah expressed.
“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 group have been persistent and proactive in pursuing new opportunities in the non-oil and gas areas. Our most recent venture is into the space industry, where we expand and enhance our core capabilities in high value engineering into this industry.
“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.
“As a pioneer and leader in the space industry, we have signed a multi-collaboration with seven local universities to function as a knowledge base in space technology and to provide a platform for a robust and stimulating society for more industry players to join in the new space economy and create an ecosystem in the industry.
“Furthermore, we have successfully expanded into the US market via the sponsoring of a special purpose acquisition company (SPAC), Data Knights Acquisition Corp (DKDC).
“Through the SPAC sponsorship, we are confident to be in a good position to benefit from the potential returns as an early entrant.
“Concurrently this venture provides opportunity for the exposure to a larger pool of investors, especially for technology-related businesses”.
For cumulative 15 months, the group registered a total revenue of RM7.4 billion, while both PBT and PAT stood at RM833.59 million and RM744.61 million respectively.
“We want to give assurance to our valuable shareholders and stakeholders, that we are doing our utmost to resolve the current issues in the most speedy and efficient manner possible.
“We wish to emphasise that we have been operational with business remains as usual, and we are optimistic and confident on the group’s prospects despite the current circumstances arising from the Covid-19 pandemic.”