• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

RGB 2Q profit dips 17pct on revenue down 67pct

Sep 02, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  


RGB 2Q profit dips 17pct on revenue down 67pct

Second-quarter profit at Malaysian casino equipment maker and distributor RGB International Bhd fell 17.1 percent year-on-year on revenue that dropped by 66.8 percent, the firm said in a Friday filing to Bursa Malaysia.

Such profit was just under MYR7.2 million (US$1.7 million), compared to MYR8.6 million a year earlier.

Group revenue for the three months to June 30 was MYR55.2 million, compared to MYR166.4 million in the prior-year quarter.

Measured by segment, sales and marketing revenue dropped 83.3 percent year-on-year, to MYR23.2 million, from MYR138.4 million. Revenue from technical support and management rose 14.2 percent to MYR31.4 million, from MYR27.5 million. A company executive had told GGRAsia in a recent interview that the latter segment was a growth area for its business.

Management said in commentary on the latest earnings, that a quarterly decline in revenue and profit before tax for the sales and marketing division was “mainly due to the late delivery of certain bulk orders to various countries and also partly caused by a bulk sale to an integrated resort in Indochina in the previous year’s corresponding quarter”.

But the firm added the outstanding bulk orders were “expected to be recognised by end of 2019” on its balance sheet.

Group quarterly earnings before interest, taxation, depreciation and amortisation (EBITDA) were down slightly, by 2.4 percent at MYR15.3 million, from MYR15.7 million.

Basic and diluted earnings per share for the second quarter were MYR0.46 in each case, a decline of 18 percent year-on-year.

In the first quarter RGB International had reported profit up 6 percent, on higher sales.


  • tweet
Related articles
  • Casino tech firm RGB rebounds to US$2mln profit in 4Q
    Casino tech firm RGB rebounds to...

    Feb 28, 2023  

  • Casino tech firm RGB promotes Liew to VP of finance
    Casino tech firm RGB promotes Liew to...

    Jan 19, 2023  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us