RGB International active, falls 10.61% on lower 4Q earnings - News Summed Up

RGB International active, falls 10.61% on lower 4Q earnings


KUALA LUMPUR (Feb 23): Shares of RGB International Bhd fell 10.61% in active trade this morning after it reported a decrease of 38% in its fourth quarter (4QFY16) net profit yesterday. In 4QFY16, RGB International posted a net profit of RM2.61 million versus RM4.26 million a year ago. Its revenue also dropped to RM44.87 million from RM64.73 million a year ago. The company had also announced a dividend payout of 0.3 sen per share. As at 11.10am, RGB International dropped 3.5 sen to 29.5 sen with 79.16 million shares traded.


Source: The Edge Markets February 23, 2017 03:56 UTC



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