{"id":777018504,"date":"2024-08-27T09:45:51","date_gmt":"2024-08-27T12:45:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018504"},"modified":"2026-04-22T06:45:11","modified_gmt":"2026-04-22T09:45:11","slug":"rgb-international-posts-revenue-of-us22-66m-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rgb-international-posts-revenue-of-us22-66m-for-q2","title":{"rendered":"RGB International posts revenue of US$22.66m for Q2"},"content":{"rendered":"\n

Revenue was down 70.2 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Malaysia.-\u00a0RGB International\u00a0(RGBI)\u00a0has shared its financial results for the first quarter of the year. Revenue was MYR99.6m (US$22.66m), down 52.6 per cent sequentially<\/a> and down 70.2 per cent year-on-year.<\/p>\n\n\n\n

The company reported a profit attributable to shareholders of\u00a0MYR18.9m (US$4.3m), down 28.8 per cent compared to last year. The company\u2019s earnings before interest, taxation, depreciation, and amortisation (EBITDA) declined by 24.7 per cent year-on-year to MYR31.2m (US$7.10m).<\/p>\n\n\n\n

Some MYR67.9m (US$15.45m) came from sales and marketing of products, down 77.7 per cent from the same period last year. The sales and marketing segment’s performance in the three months was down year-on-year due to a bulk sale recorded in last year’s corresponding quarter.<\/p>\n\n\n\n

Revenue from the technical support and management segment for the period increased by 2.5 per cent year-on-year to MYR29.8m (US$6.78m). Revenue from engineering services remained unchanged at MYR695,000 (US$158,000).<\/p>\n\n\n\n

RGBI said the group\u2019s prospects “remain robust, bolstered by the promising market conditions, especially in the Philippines.”<\/p>\n\n\n\n

The company has recently reported that its Macau wholly-owned subsidiary has entered into a business agreement with FIRM 614. It will assist FIRM 614 in importing, selling, and distributing gaming equipment and commercial gaming software to gaming operators licensed by the Commercial Gambling Management Commission of Cambodia (CGMC).<\/p>\n\n\n\n

Earlier this month, RGBI announced that its wholly-owned subsidiary\u00a0RGBL finalised an agreement<\/a>\u00a0to lease 432 electronic gaming machines (EGMs)\u00a0and related accessories to\u00a018 casinos in the Philippines. The agreement is an amendment to an original agreement established in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue was down 70.2 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 year-on-year revenue decline of 70.2% and a 28.8% decrease in profit for Q1, primarily due to a high comparative base in its sales and marketing segment. Despite the financial downturn, the company maintains a robust outlook, citing promising market conditions in the Philippines and strategic expansion into Cambodia's regulated gaming equipment distribution.","focusai_entities":"RGB International, RGBI, FIRM 614, Commercial Gambling Management Commission of Cambodia, CGMC, RGBL","focusai_location":"Malaysia, Philippines, Macau, Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), tech_data (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q1 Revenue Drivers","query":"What specific market conditions or competitive pressures contributed to the significant 70.2% year-on-year revenue decline, beyond the bulk sale comparison in the sales and marketing segment?"},{"label":"Philippines EGM Impact","query":"How will the amended agreement to lease 432 EGMs to 18 casinos in the Philippines impact RGBI's recurring revenue streams and NGR contribution from its technical support and management segment in subsequent quarters?"}],"footnotes":""},"categories":[163,16333],"tags":[23853],"class_list":["post-777018504","post","type-post","status-publish","format-standard","hentry","category-finance-news","category-south-east-asia-news","tag-rgb-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018504","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=777018504"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018504\/revisions"}],"predecessor-version":[{"id":777018540,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018504\/revisions\/777018540"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}