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.
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