RGB International Bhd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
For the year, the company reported revenue of MYR 214,646,000 against MYR 139,635,000 a year ago. Operating profit was MYR 26,695,000 against MYR 14,031,000 a year ago. Profit before tax was MYR 19,697,000 against MYR 6,530,000 a year ago. Profit attributable to owners of the company was MYR 18,527,000 against MYR 6,657,000 a year ago. Diluted earnings per share were 1.56 sen against 0.57 sen a year ago. Net cash generated from operating activities were MYR 45,241,000 against MYR 48,090,000 a year ago. Purchase of property, plant and equipment were MYR 14,573,000 against MYR 23,625,000 a year ago. Acquisition of intangible assets was MYR 245,000 against MYR 3,436,000 a year ago. EBITDA was MYR 55,081,000 against MYR 49,028,000 a year ago. The revenue and profit before tax for SSM division increased by 109% and 86% respectively for the financial year ended 31 December 2014 as compared to preceding year for is mainly due to increase in number of machines sold in this year. The loss before tax for others is mainly related to R&D expenditures.
The group will continue to capitalize the strong 2014 performance in year 2015. In view of the foregoing and barring unforeseen circumstances, the Group expects to achieve better performance in year 2015.