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NewsUpdate RGB's 4Q net profit up 42% on year
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Update RGB's 4Q net profit up 42% on year
by Cals Wed 24 Feb 2016, 03:50
- Update
[size=28]RGB's 4Q net profit up 42% on year
By Alex Chong / theedgemarkets.com | February 23, 2016 : 5:14 PM MYTKUALA LUMPUR (Feb 23): RGB International Bhd’s net profit rose 42% to RM4.26 million in the fourth quarter ended Dec 31, 2015 (4QFY15), from RM2.99 million a year earlier, on higher electronic gaming machine sales.
In a statement to Bursa Malaysia today, RGB said revenue climbed to RM64.73 million, from RM56.25 million. The company said its bottom line also gained, "due to favourable impact from foreign exchange rates."
FY15 net profit increased to RM20.86 million, from RM18.53 million a year earlier; while revenue rose to RM233.01 million, from RM214.65 million.
Commenting on its prospects, RGB said it would continue to capitalise on its "reputable and top performing products" and improve its technical service for its gaming items.
At 5pm, RGB shares fell 0.5 sen or 3% to close at 16.5 sen, for a market value of RM216.15 million. The stock saw some 39 million shares transacted.
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