RGB sees improved performance for 2019

RGB International said it expects strong regional demand for its products and services to translate into a better performance for 2019.

The Malaysian gaming machine manufacturer and provider of technical support services made the comment on posting its Q3 results, which saw a 29 percent increase in revenue for the three months to end September to RM111.6 million ($26.7 million). Profit before tax fell 6 percent to RM11.3 million.

The company said the results were driven mainly by sales of new products, with revenue for the sales and marketing division up 44 percent in the quarter. Revenue for the technical support and management division was up 8 percent, due to a better performance in the Philippines. However, profit in that division was down 38 percent because of higher depreciation and a provision for jackpot liabilities on new machines placed in an outlet.

Over the nine-month period, revenue from product sales was down 40 percent and pre-tax profit down 1 percent, mainly because of higher revenue in the year-ago period from a bulk sale to an IR in Indochina. 

Revenue for technical services over the nine-months rose 4 percent, though profit was down 25 percent.