Malaysian casino equipment supplier and distributor RGB International Bhd reported a third-quarter profit attributable to its shareholders of nearly MYR4.4 million (US$1.1 million), a 77.3-percent decline from the prior-year period.
The company reported revenue of MYR71.1 million for three months to September 30, down 24.6 percent from a year ago, according to a Tuesday filing to Bursa Malaysia.
RGB announced a “third interim single tier dividend” of MYR0.002 per share, to be paid on January 19. The firm paid two interim dividends earlier this year, each of MYR0.004 per share.
The firm recorded earnings before interest, taxation, depreciation, and amortisation (EBITDA) of just under MYR6.8 million in the June to September period, down 73.9 percent from a year earlier.
The bulk of RGB’s third-quarter revenue – at nearly MYR57.3 million – was from sales and marketing of products, 26.1-percent lower than a year earlier. Profit for the segment declined by 14.2 percent year-on-year, to MYR7.3 million.
RGB said the decrease in revenue and profit for the segment was “due to lower number of products sold”.
Revenue from the technical support and management (TSM) segment in the reporting period fell by 20.0 percent year-on-year, to MYR13.0 million.
“The decrease is primarily attributable to weaker performance at several key TSM outlets driven by high jackpot payouts, and the continued closure of certain TSM outlets in the Poipet region [in Cambodia] since the end of the previous quarter,” the firm stated.
RGB said in Tuesday’s filing that the “decline in performance” in the third quarter this year “reflects interim external impacts, including delays in the opening of new sites scheduled for 2025”.
The company nonetheless said its “medium- and long-term growth prospects remain positive, underpinned by strong underlying demand, particularly in key regions where the group maintains a presence,” including in the Philippines.
“As a pivotal slot machine distributor and major player in the machine concession business in the region, the group is well positioned to capitalise on this industry growth,” the firm noted.
