Electronic gaming machine supplier RGB International Bhd has announced a 41% year-on-year increase in revenue to MYR86.5 million and 27% growth in profit to MYR15.3 million in the three months to 30 September 2018.
The positive results were due primarily to RGB’s Sales and Marketing (SSM) division, which saw revenue rise 46% to MYR56.2 million and profit by 47% to MYR7.3 million “due to increase in the number of products sold in this quarter.” RGB added that a bulk sale to an unspecified IR in Indochina boosted its quarterly performance.
The 3Q18 numbers also pushed RGB’s nine month revenue total in 2018 to MYR209.7 million, up 131% compared with the same period in 2017.
Conversely, the company’s Technical Support and Management division saw profit fall by 13% for the quarter to MYR6.7 million “due to lower hold factors in certain outlets, higher depreciation on new machines for upgrading and expansion and increase of headcount in certain regions.”
Discussing the results, RGB said, “The Group continues to capitalize on the strong performance of new and existing products under its portfolio in the SSM division, to increase the number of concession machines through the existing and new concessions, to carry out further improvement in the performance of concession machines in the TSM division, to promote the provision of engineering expertise to all licensed operators across the region and exploring into new markets outside Asia.
“Barring unforeseen circumstances, the group expects to achieve a better performance this year.”
