KUALA LUMPUR, Serba Dinamik Holdings Bhd’s net profit for the financial year ended Dec 31, 2018 (FY18) rose to RM387.90 million from RM308.09 million recorded in 2017.
Revenue jumped 20.6 per cent to RM3.28 billion versus RM2.72 billion chalked up previously.
The improved revenue was due to the 25 per cent increase in earnings from the operations and maintenance division from the Middle East and Central Asia regions, the company said in a filing with Bursa Malaysia.
The international energy services group’s basic earnings per share rose to 26.61 sen from 23.59 sen, previously.
For 2019, the company expected to strengthen its position in the Middle East, South East Asia and Central Asia region, which contributed to the company’s earnings in the past.
It was also looking at the prospects of Industry 4.0 by leveraging on technology and digitalisation.
Overall, the management is optimistic of the group’s prospects and is of the view that it will continue to generate positive results in future, it added.
Source: BERNAMA News Agency