RGB International Bhd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Reports Property, Plant and Equipment Written Off for the Fourth Quarter Ended December 31, 2017; Provides Group Earnings Guidance for the Year 2018
For the year, the company reported revenue of MYR 252,351,000 against MYR 253,504,000 a year ago. Operating profit was MYR 40,856,000 against MYR 32,354,000 a year ago. Profit before tax was MYR 40,374,000 against MYR 30,994,000 a year ago. Profit attributable to owners of the company was MYR 30,278,000 against MYR 24,853,000 a year ago. Diluted earnings per share attributable to owners of the company were 2.23 sen against 1.84 sen a year ago. Net cash from operating activities was MYR 80,149,000 against MYR 39,314,000 a year ago. Purchase of property, plant and equipment was MYR 34,191,000 against MYR 16,447,000 a year ago. EBITDA was MYR 66,543,000 against MYR 64,002,000 a year ago.
For the quarter, the company reported property, plant and equipment written off of MYR 4,000 against MYR 79,000 a year ago.
While the group still capitalizes on the strong performance of certain products under their portfolio in SSM division as well as carrying out significant improvement in the performance of concession machines in TSM division for year 2018, the group continues to capitalize the provision of engineering expertise across the region to all licensed operators and exploring into new markets outside Asia. As such, barring unforeseen circumstances, the group expects to achieve a better performance in 2018.