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March <15>, 2021 |The Edge Markets

KUALA LUMPUR (March 15): Sarawak Consolidated Industries Bhd (SCIB) has bagged an engineering, procurement, construction and commissioning (EPCC) job worth approximately RM135 million in Muallim, Perak.

The group said its wholly-owned subsidiary SCIB Properties Sdn Bhd has accepted a letter of award and acceptance for the development of Malaysia civil servants housing program (PPAM), according to a bourse filing today.

February 26, 2021 |Bernama

KUALA LUMPUR, Feb 26 -- Sarawak Consolidated Industries Bhd’s (SCIB) net profit jumped to RM52.17 million in its financial year ended Dec 31, 2020 (FY20) from RM3.15 million in FY19.

Revenue for FY20 appreciated by 499.69 per cent to RM516.02 million from RM86.05 million year-on-year, as the construction and engineering, procurement, construction, and commissioning (EPCC) segment being the biggest revenue contributor to the group at RM449.9 million.

February 09, 2021 |The Edge Markets

KUALA LUMPUR (Feb 9): Sarawak Consolidated Industries Bhd (SCIB) and its unit have bagged contracts worth RM821.32 million in Malaysia and Qatar for engineering, procurement, construction and commissioning (EPCC) projects.

In a bourse filing today, the company said it has received a letter of award and acceptance (LOA) for an EPCC project in Kuching, Sarawak worth RM421.97 million for the proposed mixed development of Lot 6036 Block 26 Muara Tuang Land District and part of River Bank reserve.

February 06, 2021 |The Star

Sarawak Consolidated Industries Bhd (SCIB), which had recently become a billion ringgit market capitalisation company, is aiming to double its size in the next 12 months.

The construction outfit, which is controlled by Datuk Mohd Karim Abdullah, (pic) is eyeing to take up bigger roles that include bidding for bigger infrastructure projects, embarking on mergers and acquisitions (M&As), as well as becoming project owners.

December 03, 2020 |The Star

KUALA LUMPUR (Bernama) -- Sarawak Consolidated Industries Bhd's (SCIB) wholly-owned subsidiaries, SCIB Industrialised Building System Sdn Bhd and SCIB International (Labuan) Ltd have accepted two engineering, procurement, construction and commissioning (EPCC) contracts, worth RM271.14mil.

In a statement today, SCIB said the first contract, awarded by Dermaga Makmur Sdn Bhd, was to construct new school with 12 classrooms, six units of residences for teachers and other facilities at Sekolah Kebangsaan Kalor, Betong, Sarawak with an estimated value of RM18.3mil and was expected to be completed in March 2022.

November 03, 2020 |The Edge Markets

KUALA LUMPUR (Dec 3): Sarawak Consolidated Industries Bhd (SCIB) has bagged two engineering, procurement, construction and commissioning contracts for an estimated total value of RM271.1 million.

The contracts, one in Sarawak and the other in the Gulf nation of Qatar, have increased the group’s order book to RM1.7 billion, the integrated civil construction group said.

“It has also allowed us to achieve our internal order book target of RM1.5 billion for 2020,” SCIB managing director and CEO Rosland Othman said in a statement today.

November 20, 2020 |The Star

KUALA LUMPUR: Sarawak Consolidated Industries Bhd posted a strong set of financial results in the third quarter ended Sept 30,2020 as its revenue jumped over 740% to RM183.73mil from RM21.86mil a year ago.

In its announcement on Thursday, SCIB said the revenue surge also boosted its profit before tax to RM14.32mil from only RM752,000 a year ago while its net profit jumped to RM12.43mil.

November 20, 2020 |Borneo Post

KUCHING: Sarawak Consolidated Industries Berhad (SCIB) posted revenue of RM183.73 million for its third quarter ended September 30, 2020 (3QFY20), posting an outstanding growth of over 740 per cent as compared to RM21.86 million recorded in the preceding year’s corresponding quarter.

Subsequently, both profit before tax (PBT) and profit after tax (PAT) for 3QFY20 also showed significant improvements at RM14.32 million and RM12.43 million respectively, as compared to RM752,000 recorded for both PBT and PAT in 3QFY19 correspondingly.

November 17, 2020 |The Edge Markets

KUALA LUMPUR (Nov 17): Sarawak Consolidated Industries Bhd (SCIB)'s shareholders have approved the company's proposed three-for-one bonus issue and free warrants during a virtual EGM held today.

SCIB said in a statement that the virtual EGM was convened for the bonus issue of 367.9 million new ordinary shares in the company on the basis of three bonus shares for every one existing SCIB share held on an entitlement date to be determined and announced later.

August 27, 2020 |New Straits Times

KUALA LUMPUR: Sarawak Consolidated Industries Bhd posted RM5.97 million net profit in the second quarter ended June 30 2020 to reverse the RM110,000 net loss a year ago. Group revenue rose more than four fold to RM94.91 million from RM17.86 million previously, SCIB said in a statement today.The higher revenue was mainly contributed by its construction and EPCC segment at RM84.53 million followed by its manufacturing segment at RM10.38 million.

August 18, 2020 |Borneo Post

KUALA LUMPUR (Aug 18): Sarawak Consolidated Industries Bhd (SCIB) has bagged three engineering, procurement, construction and commissioning (EPCC) contracts worth a combined RM707.24 million in Abu Dhabi, Malaysia and Indonesia.

July 21, 2020 |Borneo Post

KUCHING: With a rich historical record of supplying industrialised building systems (IBS) and precast products to key jobs in Sarawak, Sarawak Consolidated Industries Bhd’s (SCIB) new strategy to establish themselves as a contractor in Sarawak is extremely timely as it is ahead of Sarawak’s 2021 state elections which would be held latest by September 2021.

July 21, 2020 |The Edge Markets

PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) is seen as the dark horse in Sarawak’s construction sector with a new shareholder that could help it land a higher order book and gain from its relationship with Serba Dinamik Holdings Bhd .

Kenanga Research has written that SCIB stands a chance to win sub-contracting jobs from Serba Dinamik, having already secured shareholders’ approvals from both of the listed entities to allow related-party transactions.

June 17, 2020 |The Edge Markets

KUALA LUMPUR (June 17): Sarawak Consolidated Industries Bhd (SCIB), whose first quarter net profit jumped by nearly 170%, has announced a dividend policy of at least 30% of profit for each financial year.<

“It is the intention of the board to adopt a dividend payout ratio of at least 30% of the profit after tax attributable to the owners of SCIB for each financial year, excluding any unrealised income from adjustments due to accounting policies that are non-cash in nature,” the construction and manufacturing group said in a filing to Bursa Malaysia today.

June 17, 2020 |The Star

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) said it is on track to achieve an internal target to secure RM1.5bil worth of contracts this year after the company reported a strong rst quarter results.
"At present, the Group has secured RM1.1bil order book of works which can be translated into earnings for this and next financial years," SCIB said in a filing with Bursa Malaysia today.

June 08, 2020 |The Star

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) expects to raise up to RM66.88mil from a private placement to fund its ongoing construction projects overseas and future projects. The company will issue up to 36.75 million new shares, representing up to 42.8% of the total shares of 85.88 million units, to interested directors and third-party investors, at RM1.82 per share.

June 04, 2020 |The Star

KUALA LUMPUR (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB), which successfully concluded its extraordinary general meeting (EGM) yesterday via live streaming, today said its shareholders have passed all four resolutions presented to them during the meeting.

May 27, 2020 |Borneo Post

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) says its key strategy is to expand its presence and business beyond Malaysia.Given the turbulent and uncertain global business trends across the world amidst the Coronavirus Disease 2019 (Covid-19) pandemic, the risk of recession is now higher and as a business, but SCIB assured that it is bracing for the worst and preparing for what the future might hold.

March 10, 2020 |The Edge Markets

LAST Thursday, Sarawak Consolidated Industries Bhd (SCIB) reported earnings for its just-ended financial year: Not only did the company revert to profitability, it also posted a record RM85.79 million in revenue. The turnaround comes nine months after its new chairman Datuk Dr Mohd Abdul Karim Abdullah, the billionaire behind Serba Dinamik Holdings Bhd, emerged as a new major shareholder. This was followed by changes to its management team and board of directors.

April 08, 2020 |The Edge Markets

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB), whose share price has more than doubled in the past two weeks, has announced that it wants to raise fresh capital of RM66.5 million to fund the upcoming construction projects that it will secure from its sister company — Serba Dinamik Holdings Bhd.

April 07, 2020 |The Edge Markets

KUALA LUMPUR (April 7): Sarawak Consolidated Industries Bhd (SCIB) is proposing to undertake a private placement to raise RM66.52 million to fund the company’s upcoming construction projects. It is also proposing a recurrent related party transaction of a revenue and trading nature between SCIB and Serba Dinamik Holdings Bhd to the tune of RM1.37 billion.

April 03, 2020 |New Starits Times

KUALA LUMPUR: Sarawak Consolidated Industries Bhd’s (SCIB) subsidiary SCIB International (Labuan) Ltd has bagged a collective US$200.45 million (RM864.54 million) contracts from clients in the Middle East. In an exchange filing today, SCIB said they were for the provision of three engineering, procurement, construction and commissioning (EPCC) works in Qatar and Oman.

November 04, 2019 |New Straits Times

KUCHING: Sarawak Consolidated Industries Bhd (SCIB), the company controlled by billionaire Datuk Mohd Abdul Karim Abdullah, is eyeing more contracts to supply industrialised building system (IBS) products in its home state.In the third quarter, the company secured RM10mil worth of IBS supply jobs

November 03, 2019 |New Sarawak Tribune

KUCHING: Sarawak Consolidated Industries Bhd (SCIB), the company controlled by billionaire Datuk Mohd Abdul Karim Abdullah, is eyeing more contracts to supply industrialised building system (IBS) products in its home state.In the third quarter, the company secured RM10mil worth of IBS supply jobs

October 25, 2019 |The Edge Markets

KUALA LUMPUR (Oct 25): Sarawak Consolidated Industries Bhd has bagged five engineering, procurement, construction and commissioning (EPCC) contracts worth RM175.4 million.Three contracts worth USD27.99 million (approximately RM117.2 million) are based in Indonesia, Qatar and Oman, while another two, worth RM58.2 million, are based in Malaysia, the group said.