Serba Dinamik records another profitable year

KUALA LUMPUR: Serba Dinamik Holdings Bhd (Serba Dinamik) delivered promising results for its fourth quarter ended December 31, 2020 (4QFY20), at RM1.82 billion for its revenue, a notable increase by 33.4 per cent as compared to RM1.36 billion posted in the preceding year’s corresponding quarter ended 31 December 2019 (4QFY19).

Subsequently, both profit before tax (PBT) and profit after tax (PAT) also showed notable improvement of 63.4 per cent and 44.1 per cent at RM227.32 million and RM202.10 million respectively, as compared to RM139.12 million and RM140.25 million for 4QFY19.

In a press statement, Serba Dinamik group managing director and group chief executive director Dato Dr Mohd Karim Abdullah expressed, “Despite the Covid-19 challenges this year, we are very grateful that the group has shown improvement from the top and bottom line for FY20 in comparison to FY19. We have succeeded to deliver strong performance from both our operations and maintenance (O&M) and engineering, procurement, construction and commissioning (EPCC).

“This is possible mainly due to commitment and focus on our core competencies as we continue to grow rapidly locally and internationally. Our ICT segment has performed significantly, where five main pillars were streamlined to include Cloud Computing/Data Centre, Financial Technology (FinTech), Artificial Intelligence (AI), Cybersecurity and Frontier Technology.

“The pillars signify our dedication to aggressively grow this segment to provide another non-O&G revenue stream. As we embrace digital transformation, we must capitalise on this opportunities and innovate new business models to create new income streams to stay sustainable”.