Earnings of Riverstone Holdings soared 119.3% to RM137.5 million ($27.1 million) in 1H2020 ended June, from RM62.7 million a year ago, thanks to heightened demand for personal protective gear during the Covid-19 pandemic.

This translates to earnings per share of 18.56 sens on a fully diluted basis compared to 8.47 sens in 1H2019.

With stronger sales of healthcare examination gloves, cleanroom gloves and facemasks, the company reported a 30.5% increase in revenue to RM626.7 million in the first six months of the year.

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