Uncategorized

Casino Technology Company RGB Increases Q3 28pct Profit

Casino equipment maker RGB International Bhd reported a 28% year-over-year increase to 11.99 million yuan ($2.86 million) in the third quarter.

Group sales for the three months to September 30 this year rose 41% to nearly 86.49 million yuan from 61.27 million yuan a year earlier, the company said in a filing with Bursa Malaysia on Monday.

Profit before interest, taxation, depreciation and amortization came to 20.94 million yuan in the July-September period, up 33% from a year earlier.

Product sales and marketing revenue, the company’s main segment, rose 45.7% year-over-year to MYR 56.16 million in the reporting period. Pre-tax profit for the segment rose 47% year-over-year to MYR 7.4 million in the third quarter of 2018, “due to an increase in the number of product sales” in the reporting quarter, the company said.

The technical support and management segment delivered 28.36 million yuan in revenue in the quarter to Sept. 30, up 28% from the same period in 2017. However, the segment’s quarterly pre-tax profit was down 13% year-on-year “due to lower holding factors in certain outlets, higher depreciation of new machines for upgrades and expansion, and increased headcount in certain regions”.

In comments on the reporting period, the company said it “continues to leverage the strong performance of new and existing products” depending on its portfolio. It added that it will continue to increase the number of concessions “with existing and new concessions” and “further improve the performance of concessions” in technical support and management.

RGB International said it expects to “achieve better performance” in 2018.

The Malaysian gaming equipment maker said in September it planned to spin off its technical support and management division to list on the Hong Kong Stock Exchange.

BY: 바카라사이트

Related Posts

RFKR Confirms Request For New Closing Of Incheon Casino

On Dec. 29, R&F Korea (RFKR), the organizer of the stopped foreigner-only casino project (shown in file photo) in Incheon, applied for an additional extension, which is the…

SOFTSWISS Fraud Inspection Helps Operator Secure US$14M In 2023

SOFTSWISS, which provides digital technology to the online betting and online casino sector, has helped secure more than 13 million euros ($14.2 million) for industry customers over 2023…

토토사이트 – Real Madrid reveals astronomical buyout of Bellingham and Vinicius

Real Madrid’s key midfielder Jude Bellingham’s buyout was revealed. The British Daily Mail quoted “Talk Sports” on the 13th (Korea time) as saying, “Bellingham was found to be…

Nova Scotia Man Wins Biggest Instant Winner Award

Most recently, a Nova Scotia man has become part of history because he is the biggest instant winner on alc.ca , the Atlantic Lottery Company said. The lucky…

Saudi Arabia’s NEOM project unlikely to match Korean firms’ expectations

Korean companies may not be able to enjoy the benefits they have anticipated from Saudi Arabia’s NEOM project, as the Middle Eastern country appears to be scaling down…

Frost discovered on top of giant Mars volcanoes

Early morning frost has been detected on the peaks of massive volcanoes on Mars, an unexpected discovery about the dispersal of water on Mars that could one day…

Leave a Reply

Your email address will not be published. Required fields are marked *