SINGAPORE (Feb 26): Glove manufacturer Riverstone Holdings announced 4Q17 earnings dropped 5% to RM34.2 million ($11.5 million) from RM36.0 million in 4Q16.
This was mainly due to the group recording other operating expenses of RM2.7 million during the quarter compared to other operating income of RM2.0 million last year, attributed to net foreign exchange loss and fair value loss of derivatives.
For FY17, the group’s earnings came up to RM129.3 million, a 7.4% increase from RM120.4 million a year ago.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
