Fourth-quarter revenue leapt 271.4 percent year-on-year at Malaysian casino equipment supplier and distributor RGB International Bhd.
The group reported revenue of MYR371.8 million (US$83.9 million) for the three months to December 31, it disclosed in a Wednesday filing to Bursa Malaysia.
The result was up 294.7 percent sequentially on the third quarter’s MYR94.2 million.
In a separate Wednesday announcement, the company declared a “second special interim single-tier dividend” of MYR0.004 per ordinary share. The firm also announced a “fourth interim single-tier dividend” of MYR0.006 per share. Both dividends are payable on April 18.
A “third interim” dividend of MYR0.006 per share and a first “special interim” dividend of MYR0.012 apiece were paid on December 30, said RGB.
RGB’s fourth-quarter profit attributable to the owners jumped year-on-year, to just over MYR31.8 million, from a nearly MYR37.9-million loss in the prior-year quarter. Sequentially, such profit for the final quarter of 2024 went up 65.8 percent.
The gaming supplier’s administrative expenses for the three months to December 31 narrowed by 75.3 percent year-on-year, to MYR10.8 million.
The company recorded earnings before interest, taxation, depreciation, and amortisation (EBITDA) of nearly MYR56.8 million in the fourth quarter.
That compared to EBITDA that had been negative by MYR19.2 million a year ago. For the third quarter of 2024, EBITDA had been a positive MYR27.2 million.
According to the results filing, the bulk of RGB’s fourth-quarter revenue – i.e., MYR348.4 million – was from sales and marketing of products, up 337.8 percent from the prior-year period.
The firm said that the improvement in sales and marketing was “mainly due to delivery and commissioning” of a “bulk order… in the current quarter”.
Revenue from the technical support and management segment in the final quarter of 2024 rose 20.0 percent year-on-year, to MYR22.7 million. Engineering services revenue was down 1.1 percent year-on-year, to MYR634,000.
For full-year 2024, RBG reported net profit of MYR92.1 million, on revenue that rose by 10.9 percent year-on-year, to just over MYR775.7 million. Group-wide EBITDA stood at MYR151.7 million last year, up from MYR85.9 million in 2023.
In late May last year, the gaming supplier said it had been awarded a contract by the Philippine Amusement and Gaming Corp (Pagcor) – the regulator and an operator of casinos in that country – to supply the latter during 2024 with a total of 1,968 slot machines. The total value of the contract was just above US$81.3 million, according to previous corporate information.
In Wednesday’s filing, RGB said it incorporated on January 31 a wholly-owned subsidiary in Thailand, known as RGB Digital Ltd. The principal activities of RGB Digital “are trading, designing, developing and supporting of digital hardware and software,” stated the parent.
The Thai authorities are currently scrutinising the government’s proposed Entertainment Complex Bill, which would pave the way for legalised gambling
