Serba Dinamik bags RM496m worth of jobs

This article first appeared in The Edge Financial Daily, on November 30, 2017.
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KUALA LUMPUR: 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 yesterday, Serba Dinamik said its wholly-owned subsidiary Serba Dinamik Sdn Bhd had 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 other 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.