Serba Dinamik bags RM496m worth of jobs

-A +A

KUALA LUMPUR (Nov 29): Serba Dinamik Holdings Bhd has bagged four new engineering, procurement, construction and commissioning (EPCC) contracts and four operation and maintenance (O&M) contracts worth a combined RM496 million.

In a filing with Bursa Malaysia today, Serba Dinamik said its wholly-owned subsidiary Serba Dinamik Sdn Bhd (SDSB) has entered into three EPCC contracts and one O&M contract with Greenearth Landmark Sdn Bhd, which are altogether worth RM385 million.

In addition, the company has secured an EPCC contract from Malaysia LNG Sdn Bhd and three separate O&M contracts from JX Nippon Oil & Gas Exploration (Malaysia) Ltd, Malaysia LNG and Petronas Dagangan Bhd, which are worth a combined RM111 million.

"The contracts secured are expected to contribute positively to the group's earnings for the financial years ending Dec 31, 2018 to 2027," said Serba Dinamik.

At 2.33pm, Serba Dinamik shares were down one sen or 0.33% at RM2.99, with 1.22 million shares done, bringing a market capitalisation of RM3.98 billion.