Published
Land-BasedFinancialIndustry

RGB lost MYR14m in Q2 2020

Malaysia’s RGB International Bhd announced the financial results for Q2 2020. The Group’s revenue was MYR14.4m, a 74% drop from MYR55.1m in 2019. During the first six months of 2020, the group earned MYR91.8m, 14% less compared to H1 in 2019 with MYR107.3m.

FinancialReport

Revenue from sales and marketing for Q2 was MYR12.8m, compared to MYR23.1m year-on-year. H1 2020 saw sales revenue at MYR56.8m, a 26% rise from MYR41.1m the last year.

The Group stated the losses can be attributed to the global pandemic, with travel restrictions and health and safety measures creating pressure in various industries and economies. It said in a statement that the impact of the pandemic could be significant and is in the process of assessing the full financial impact of it for the financial year ending 31 December 2020 since developments remain uncertain.


Asia News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Scientific Games
Esportes Gaming Brasil
LeoVegas
Kalshi
Follow Us

Taking stock: Counting on crypto

Gambling Insider tracks the value of the biggest cryptocurre...

In focus: MiFinity

A trusted payments partner for the iGaming industry....

Panel: LatAm and crypto lead the way

During the SBC Summit Americas in Florida, executives from N...

In focus: Spayz.io

Payments that actually work for iGaming operators…...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the Lead Partner

A message from BetConstruct - Lead Partner of the Global Gam...

The year in review

The Event Manager of the Global Gaming Awards reviews the mo...

Casino Operator of the Year 2025

We present to you the 2025 Shortlist for the Casino Operator...