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RGB swings to Q1 loss on 56% revenue drop

Sharon Singleton Sharon SingletonMay 19, 2021 · 1 min read
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RGB

Malaysian supplier RGB swung to a loss in Q1 on a 56 percent drop in revenue as Covid control measures hit its technical support services and sales fell.

It’s loss was MYR4.78 million compared with a profit of MYR3.69 million a year earlier. Revenue was MYR34.1 million.

The group said, barring unforeseen circumstances, it expects conditions to improve as the year progresses.

Company filing

Sharon Singleton
Written by Sharon Singleton Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. More from Sharon Singleton →