For the quarter ended 31 March 2022 Serba Dinamik recorded revenue of RM205.5 million with a gross loss of RM77.2 million, while it recorded a loss before tax of RM432.7 million in Q3FY22.
O&M segment recorded revenue of RM193.7 million with a gross loss of RM74.9 million. EPCC segment contributed RM7 million of revenue to the Group’s current quarter result, which mainly derived from contracts in UAE, Tanzania and Malaysia. The Group recorded RM2.8 million gross loss for this segment.
Its ICT segment recorded RM2.7 million and RM0.06 million of revenue and gross loss respectively. While E&T segment contributed RM2.1 million of revenue and RM0.6 million of gross profit in the current quarter
For the quarter ended, the Group recorded revenue of RM205.5 million, an increase of 16.0% from the immediate preceding quarter which is mainly due to activities in the O&M segment, especially from Qatar, UAE, and Malaysia. Overall the Group incurred a gross loss of RM77.2 million, with a reduction of RM88.6 million against Q2FY22. O&M segment remains the largest contributor to the Group’s revenue in both Q3FY22 and Q2FY22 albeit the decrease in revenue as compared to Q1FY22.
The decrease is mainly due to lesser activities in Qatar, UAE, and Malaysia hence resulting to a gross loss for Q3FY22 as compared to 53.4% gross profit in the immediate preceding quarter. EPCC segment in Q3FY22 reduced by 76.9% compared to Q2FY22 with revenue decreased from RM30.4 million in Q2FY22 to RM7 million in Q3FY22. This is mainly due to slower EPCC activities in Malaysia hence resulted in the gross loss position for the current quarter.
The Group recorded a loss before tax of RM764.3 million after corporate expenses and consolidation elimination of RM590.1 million
