Revenue was down\u00a044.7 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n
Malaysia.-\u00a0RGB International\u00a0(RGBI)\u00a0<\/strong>has shared its financial results for the third quarter of the year. Revenue was MYR94.2m (US$21.1m). That’s a decline of 44.7 per cent in year-on-year terms and 5.4 per cent sequentially<\/a>. Some MYR66.3m (US$14.8m) came from sales and marketing of products<\/strong>, down 51.8 per cent from the same period last year.<\/p>\n\n\n\n Revenue from the technical support and management segment for the period fell by 16.5 per cent year-on-year to MYR26.7m (US$6m). Revenue from engineering services was down 3.9 per cent year-on-year to MYR487,000 (US$109,000).<\/p>\n\n\n\n The company reported a profit attributable to shareholders <\/strong>of MYR19.2m (US$4.3m), down 26.8 per cent compared to last year but up 1.6 per cent sequentially. The company\u2019s earnings before interest, taxation, depreciation, and amortisation (EBITDA) declined by 31.6 per cent year-on-year and 12.8 per cent quarter-on-quarter to MYR27.2m (US$6.1m).<\/p>\n\n\n\n RGB has declared a third interim single-tier dividend of MYR0.006 (US$0.001) per share, along with a special interim single-tier dividend of MYR0.012 (US$0.003) per share for the financial year ending December 31. Payment will be made on December 31. Earlier this year, the company distributed two dividends, each amounting to MYR0.006 per share.<\/p>\n\n\n\n RGB said its prospects \u201cremain robust, bolstered by the promising market conditions, especially in \u2026 the Philippines\u201d. In August, the company announced that its wholly-owned subsidiary RGBL finalised an agreement<\/a> to lease 432 electronic gaming machines (EGMs) and related accessories to 18 casinos in the Philippines. The agreement is an amendment to an original agreement established in 2019.<\/p>\n\n\n\n In October, RGBI reported through a company filing that its managing director, Dato\u2019 Seri Chuah Kim Seah<\/strong>, faces no further action by authorities in Malaysia in connection to a political bribery scandal. It says the matter has been resolved.<\/p>\n\n\n\n Last year, media reported that certain political leaders were being investigated by Malaysia\u2019s Anti-Corruption Commission<\/a> for purportedly receiving funds from gambling companies ahead of state elections. RGBI refuted the claims<\/a> and pledged full cooperation with the investigation. It also stated that Chuah Kim Seah <\/strong>was also fully cooperating with Malaysian authorities.<\/p>\n\n\n\n In its recent filing, RGB said: \u201cThe group adopts a zero-tolerance approach towards bribery or corruption and upholds the highest standard of compliance as set out in the group\u2019s anti-bribery and corruption policy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Revenue was down\u00a044.7 per cent in year-on-year terms.<\/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 year-on-year revenue decline of 44.7% in Q3, with EBITDA also down 31.6%, despite a slight sequential profit increase. The B2B supplier declared interim and special dividends, while affirming robust prospects, particularly in the Philippines, following an expanded EGM leasing agreement. Concurrently, its Managing Director was cleared in a Malaysian bribery investigation, reinforcing the company's commitment to anti-corruption compliance.","focusai_entities":"RGB International, RGBI, RGBL, Dato\u2019 Seri Chuah Kim Seah, Malaysia\u2019s Anti-Corruption Commission","focusai_location":"Malaysia, Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.9), operator_casino (0.75), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Q3 Revenue Decline Drivers?","query":"Given the substantial year-on-year revenue decline across all segments, what specific market headwinds or operational inefficiencies were the primary drivers, and what mitigation strategies are in place for the upcoming fiscal periods?"},{"label":"Philippines EGM Impact?","query":"What is the projected incremental revenue and NGR contribution from the expanded 432 EGM leasing agreement in the Philippines, and how does this B2B strategy align with RGBI's long-term growth objectives?"}],"footnotes":""},"categories":[163,16333],"tags":[29],"class_list":["post-777021076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021076","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=777021076"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021076\/revisions"}],"predecessor-version":[{"id":777021082,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021076\/revisions\/777021082"}],"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=777021076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}No further action in RGB International bribery case<\/h2>\n\n\n\n