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Riverstone Holdings’ 1H15 Net Profit Jumps 68.4%
Daily Bulletin | 05 August 2015
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Riverstone Holdings announced a 38.7 percent growth in revenue to RM256.1 million, while net profit surged 68.4 percent to RM54 million.

The better performance came about as demand for both cleanroom and healthcare gloves continues to gain traction among customers.

The group has accelerated its second phase of its expansion plan in Taiping, Perak, Malaysia to complete ahead of time by the end of 3Q15 instead of year-end and expect to add another billion pieces to its annual production capacity, bringing it to 5.2 billion.

Riverstone Hldgs  0.980 +0.005 +0.51%   
Business: Glove manufacturer specialised in production of nitrile & natural rubber clean room gloves. [FY18 Geographical] M'sia (92.4%), Thailand (3.6%), China (3.3%), others (0.7%).

Insight: May-19, 1Q19 revenue rose 14.6% to RM240.5m due to... Read More


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