Revenue and profit up in 3Q23 for RGB International – boosted by the Sales & Marketing division

Malaysian-based supplier RGB International had a 142 percent revenue increase for the third quarter of the year, totaling RM170.36 million.

In total, the group saw profit of RM26.24 million – a steep rise of some 1,963 percent yearly.
Total EBITDA for the group amounted to RM39.72 million in the third quarter.
The group’s sales and marketing segment brought in the highest revenue, at RM137.43 million – up 212 percent yearly, with profit totalling RM23.35 million – up 278 percent yearly.
Despite the yearly rise, profit from the Sales and Marketing segment was down 23 percent quarterly, while revenue was down 55 percent quarterly.
The group notes this was due to ‘the decrease in number of products sold and variation in product mix as compared to the previous quarter’.
Looking towards the end of the year, ‘the group expects to achieve a strong performance […] underpinned by the sturdy orders secured to date, despite facing inflationary pressure on its operating costs’.

Earnings & Filings RGB International Financial results Latest news 3Q23

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings