Serba Dinamik has released its unaudited Q2 FY2023 results and the group recorded a revenue of RM105.8 million down 40% from the year before and recorded a gross loss of RM61.1 million
The composition of revenue it said mainly contributed by activities from O&M segment with 97.4% contribution the remaining revenue was from ICT and E&T services while the EPCC segment recorded no revenue for the period. The Group recorded a loss before tax of RM90.5 million in Q2FY23.
The Group via ICT segment recorded RM0.9 million and RM0.6 million of revenue and gross loss respectively. While E&T segment contributed RM1.8 million in revenue and RM0.37 million of gross profit in the current quarter.
The most significant reduction is realised in the O&M and EPCC segments whereby the EPCC segment recorded no revenue during this quarter as compared to RM30.4 million in the corresponding quarter and a 27.3% reduction in O&M activities from RM141.8 million to RM103.1 million accordingly
Loss for the financial year 2023 (2 quarters) has widened to RM194 million.
