• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

RGB International 1Q profit rises 6pct on higher sales

May 31, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  


RGB International 1Q profit rises 6pct on higher sales

Malaysian supplier of casino equipment RGB International Bhd says it made a profit attributable to shareholders of MYR6.7 million (US$1.6 million) in the first quarter of this year, 6 percent more than a year earlier.

The company reported on Thursday that its revenue for the quarter ended on March 31 rose by 9 percent to approximately MYR52.18 million, up from MYR47.77 million in the same period last year. The jump in revenue was largely due to improved sales, a cornerstone of the business.

Revenue for product sales and marketing rose by 45 percent from the prior-year period to about MYR21.97 million in the reporting period. Profit before tax for that division rose by 668 percent year-on-year to MYR3.71 million in the first quarter of 2019, which the company said was “due to increase in number of product sold, rebate incentives and variation in product mix in this quarter”.

Revenue and profit before tax for the technical support and management division decreased by 8 percent and 39 percent respectively from the prior-year period, said the company. The firm said the decline was “due to low hold factors in certain outlets, higher depreciation on additional new machines for upgrading and expansion … and the reversal of the provision for withholding tax last year”.

Earnings before interest, taxation, depreciation and amortisation stood at nearly MYR15.11 million in the three months to March 31, 12.1 percent higher from a year earlier.

The company did not offer a profit forecast in the current set of results and will not pay a dividend.

Last year, RGB International made an annual profit of profit of MYR35.2 million, having recorded a profit of MYR30.3 million the year before, on annual revenue that grew by 50.3 percent to MYR379.3 million.

In reporting its results for last year, the company said it expected to perform better this year.

RGB International says it has plans to list its technology support division in Hong Kong, tapping into the liquidity of markets in Greater China market.


  • tweet
Related articles
  • Aristocrat appoints A.G. Burnett to compliance committee
    Aristocrat appoints A.G. Burnett to...

    Mar 29, 2021  

  • GEN Highlands boost after 2Q, Catskills a drag: Nomura
    GEN Highlands boost after 2Q, Catskills...

    Mar 17, 2021  

More news
  • April pax tally to rise 26pct m-o-m says Macau airport op
    April pax tally to rise 26pct m-o-m...

    Apr 19, 2021  

  • Two-day Japan IR Forum online event begins on Weds
    Two-day Japan IR Forum online event...

    Apr 19, 2021  


Latest News

April pax tally to rise 26pct m-o-m says Macau airport op

April pax tally to rise 26pct m-o-m says Macau airport op

Apr 19, 2021  

Macau’s airport expects a circa 26-percent-higher volume of passenger movements in April compared to March, according to information it provided to GGRAsia. Macau International Airport Co Ltd,...
Read More
Two-day Japan IR Forum online event begins on Weds

Two-day Japan IR Forum online event begins on Weds

Apr 19, 2021  

Talks on NagaWorld lay-offs amid pandemic: source

Talks on NagaWorld lay-offs amid pandemic: source

Apr 19, 2021  

Oaktree offers US$$2.3bln for Crown to buy out Packer

Oaktree offers US$$2.3bln for Crown to buy out Packer

Apr 19, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.14 billion

Macau’s total VIP gross gaming revenue in the first quarter of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us