KUALA LUMPUR (Feb 27): Shares in Serba Dinamik Holdings Bhd rose 2.56% this morning after it turned in another set of record high earnings in the financial year ended Dec 31, 2019 (FY19). Its annual net profit soared to RM496.64 million on revenue of RM4.53 billion.

At 9.31am, Serba Dinamik rose 6 sen to RM2.40, giving it a market capitalisation of RM7.40 billion.

The record high annual earnings was driven by 26.9% growth in its quarterly net profit in its fourth quarter ended Dec 31, 2019 (4QFY19) to RM140.88 million from RM112.87 million in the year-ago quarter. Quarterly revenue increased 37.9% to RM1.36 billion from RM978 million before on improvements across all three of its main segments.

Serba Dinamik declared a fourth interim single-tier dividend of 1.4 sen for FY19 payable on March 30, bringing total dividends for the year to 7.51 sen per share.