RGB maintains recovery momentum in 3Q23 on US$37 M in revenue
Friday 01 de December 2023 / 12:00
2 minutos de lectura
(Malaysia).- Malaysian gaming product distributor RGB International Bhd reported a 142% year-on-year increase in group-wide revenue in 3Q23 to MYR170.4 million (US$36.6 million), attributed to a general increase in the number of products sold. The figure was, however, 49% lower than in Q2 when revenue reached a post-COVID high of MYR333.7 million (US$71.6 million).
Group-wide profit of MYR28.1 million (US$6.0 million) was also up more than 1,660% compared with 3Q22 but down 4% sequentially.
According to details filed with the Malaysian bourse on Wednesday, revenue in the sales and marketing division was up 212% year-on-year to MYR137.4 million (US$29.5 million) and profit by 278% to MYR23.4 million (US$5.0 million) due to an increase in the number of products sold.
In the Technical Support and Management (TSM) division, revenue grew by 24% to MYR32.0 million (US$6.9 million) with profit of MYR7.17 million (US$1.5 million) on improved performance across most TSM outlets, while Engineering Services saw revenue grow by 62% to MYR507,000 (US$109,000).
For the first nine months of 2023 combined, RGB has seen its revenue increase by 292% year-on-year to MYR599.2 million (US$129 million), with profit of MYR69.5 million (US$14.9 million).
Commenting on its future prospects, the company said, “The tourism and hospitality industries are expected to continue recovering, supported by the increase in international travel, especially in the regions where the Group operates.
“Given the favourable market outlook, the Group expects to achieve a strong performance for the financial year ending 31 December 2023, underpinned by the sturdy orders secured to date, despite facing inflationary pressure on its operating costs.”
Categoría:Gaming
Tags: Sin tags
País: Malaysia
Región: Asia
Event
SiGMA Central Europe
03 de November 2025
NOVOMATIC Italia showcases innovation and responsible growth at SiGMA 2025
(Gumpoldskirchen/Rome).- NOVOMATIC Italia took center stage at SiGMA Central Europe 2025 in Rome (November 4–6), a premier international event for the gaming and digital technology industry. The Group highlighted ADMIRAL Pay, its Bank of Italy–authorized payment institution, alongside Quigioco, its online gaming brand, presenting a forward-looking and sustainable vision for the future of payments and digital entertainment.
Wednesday 12 Nov 2025 / 12:00
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.