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Serba Dinamik secures a collective RM320.89 mil contracts

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Serba Dinamik secures a collective RM320.89 mil contracts Others

KUALA LUMPUR: Serba Dinamik Holdings Bhd’s subsidiaries have collectively clinched a total of US$78 million (RM320.89 million) contracts involving operations and maintenance (O&M) and engineering, procurement, construction and commissioning (EPCC).
In an exchange filing today, Serba Dinamik said the contracts were mainly secured by Serba Dinamik International Ltd, PT Serba Dinamik Indonesia and Serba Dinamik Sdn Bhd, mainly in Indonesia and Malaysia as well as one O&M work in Oman.
“The contracts secured are expected to contribute positively to the group’s earnings for the financial year ending December 31, 2020,” it added.
Serba Dinamik said the contracts had no specific value they on a “call-out” basis whereby the work orders would be awarded at the discretion of the client based on their activities’ schedules and rates.
Group managing director group chief executive director Datuk Dr Ir Mohd Abdul Karim Abdullah said the recent secured contracts in Indonesia and Oman would further strengthen the company foothold in Southeast Asia and the Middle East.
“We are pleased that these projects will contribute towards enhancing our earnings for a long term as well as bring us one step closer to our internal target for this year,” he said in a separate statement today.

sourceNew straits times

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