Hot Stock RGB rises 3.03% on stronger 4Q earnings
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Hot Stock RGB rises 3.03% on stronger 4Q earnings
- Hot Stock
[size=28]RGB rises 3.03% on stronger 4Q earnings
By Surin Murugiah / theedgemarkets.com | February 24, 2016 : 9:32 AM MYTKUALA LUMPUR (Feb 24): Shares of RGB International Bhd rose 3.03% in early trade today after its 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.
At 9.13am, RGB added half a sen to 17 sen with 4.62 million shares done.
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.
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