Home Capital Broker's Calls

Riverstone gets an upgrade from DBS as it rides the semiconductor boom

Samantha Chiew
Samantha Chiew2/26/2018 12:48 PM GMT+08  • 3 min read
Riverstone gets an upgrade from DBS as it rides the semiconductor boom
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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now