{"id":777005726,"date":"2023-05-29T09:13:11","date_gmt":"2023-05-29T12:13:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005726"},"modified":"2026-04-22T21:32:52","modified_gmt":"2026-04-23T00:32:52","slug":"rgb-international-posts-net-profit-of-us2-3m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rgb-international-posts-net-profit-of-us2-3m-for-q1","title":{"rendered":"RGB International posts net profit of US$2.3m for Q1"},"content":{"rendered":"\n<p>RGB International projects strong growth in 2023.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.-&nbsp;<strong>RGB International&nbsp;<\/strong>has reported a net profit of over MYR10.5m (US$2.3m) for the first quarter of the year, compared to a loss of MYR3.3m during the same period last year. The figure also represents an improvement from&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/rgb-international-revenue-down-4-for-q4\" target=\"_blank\">the previous quarter&#8217;s net profit<\/a>&nbsp;of just over MYR9.3m. The company reported that revenue nearly tripled year-on-year to MYR95.2m.<\/p>\n\n\n\n<p>RGB International attributed its financial performance to growth in revenue from the sales and marketing of gaming equipment, which rose 367.5 per cent increase to MYR69m. The company&#8217;s earnings before interest, taxation, depreciation, and amortization (EBITDA) rose by 144.4 per cent year-on-year to MYR24.0m. <\/p>\n\n\n\n<p>Revenues from technical support and management rose by 52.3 per cent to MYR25.6m, while engineering services revenue rose 485.7 per cent to just below MYR533,000.<\/p>\n\n\n\n<p>RGB predicted a favourable market outlook for the remainder of 2023, driven by the gradual rebound in international travel following the impact of the Covid-19 pandemic. A week ago, it was reported&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/iec-invests-us5-73m-in-new-slot-machines-for-new-coast-hotel-manila\" target=\"_blank\">RGB International secured a deal International Entertainment Corp<\/a>&nbsp;to supply 382 slot machines worth over US$5.7m for deployment at New Coast Hotel Manila in the Philippines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RGB International projects strong growth in 2023.<\/p>\n","protected":false},"author":176,"featured_media":22269,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"RGB International reported a significant financial turnaround in Q1 2023, achieving a net profit of MYR10.5m and nearly tripling revenue to MYR95.2m, primarily driven by robust growth in gaming equipment sales. The B2B supplier projects a favourable market outlook for the remainder of 2023, bolstered by a recent US$5.7m slot machine supply deal in the Philippines and the ongoing recovery of international travel.","focusai_entities":"RGB International, International Entertainment Corp, New Coast Hotel Manila","focusai_location":"Malaysia, Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Q2 2023 Projections","query":"What specific growth drivers and market segments does RGB International anticipate will sustain its positive momentum into Q2 and H2 2023, beyond the general rebound in international travel?"},{"label":"Supply Chain Impact","query":"How does RGB International's increased gaming equipment sales volume impact its supply chain resilience and manufacturing capacity, particularly given the global component shortages experienced in recent years?"}],"footnotes":""},"categories":[157,16333],"tags":[23853],"class_list":["post-777005726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-rgb-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777005726"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005726\/revisions"}],"predecessor-version":[{"id":777005746,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005726\/revisions\/777005746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22269"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}