• 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 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
  • Casino tech biz L&W weighs secondary listing in Australia
    Casino tech biz L&W weighs...

    Mar 16, 2023  

  • Vietnam welcomes being on latest list for China tour groups
    Vietnam welcomes being on latest list...

    Mar 14, 2023  

More news
  • Nagasaki governor says Credit Suisse sale may affect IR plan
    Nagasaki governor says Credit Suisse...

    Mar 21, 2023  

  • Hann Casino says taps underserved Manila rich, foreigners
    Hann Casino says taps underserved...

    Mar 21, 2023  


Latest News

Nagasaki governor says Credit Suisse sale may affect IR plan

Nagasaki governor says Credit Suisse sale may affect IR plan

Mar 21, 2023  

Nagasaki governor Kengo Oishi, who last year described Credit Suisse Group AG as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese...
Read More
Hann Casino says taps underserved Manila rich, foreigners

Hann Casino says taps underserved Manila rich, foreigners

Mar 21, 2023  

Tracey Winslow named TransAct global chief revenue officer

Tracey Winslow named TransAct global chief revenue officer

Mar 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The [Macau] month-to-date run-rate represents an approximately 45-percent recovery versus pre-Covid-19 levels for headline gross gaming revenue”

DS Kim and Mufan Shi

Analysts at brokerage JP Morgan Securities



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau visitor tally up 14pct m-o-m in FebruaryMacau visitor tally up 14pct m-o-m in February March 17, 2023
  • LET Group flags 2022 loss of US$52mln, Hoiana repays loanLET Group flags 2022 loss of US$52mln, Hoiana repays loan March 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us