KUALA LUMPUR (June 14): Serba Dinamik Holdings Bhd posted its largest quarterly net loss of RM972.91 million for the third quarter ended March 31, 2023 (3QFY2023), mainly due to impairment of trade receivables amounting to RM865.1 million arising from the projects that the company was unable to fulfill. The troubled oil and gas company, which has been in the red for seven straight quarters, recorded RM89.67 million net loss in 2QFY2023. For 3QFY2022, its net loss was RM434.19 million. Loss per share increased to 26.

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