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Riverstone 3Q earnings up 15.1% at $11.1 mil on higher revenue

Michelle Zhu
Michelle Zhu11/7/2017 05:32 PM GMT+08  • 3 min read
Riverstone 3Q earnings up 15.1% at $11.1 mil on higher revenue
SINGAPORE (Nov 7): Glove manufacturer Riverstone Holdings has announced earnings of RM34.3 million ($11.1 million) for 3Q17, representing a 15.1% increase from RM29.8 million in the same period a year ago on higher revenue.
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SINGAPORE (Nov 7): Glove manufacturer Riverstone Holdings has announced earnings of RM34.3 million ($11.1 million) for 3Q17, representing a 15.1% increase from RM29.8 million in the same period a year ago on higher revenue.

This brings the group’s earnings to a total of RM95.1 million for the nine months ended Sept, up 12.8% from RM84.3 million in the previous year.

Revenue for the quarter grew 12.5% to RM187.8 million from RM167 million in 3Q16, as Riverstone witnessed an increase in demand for both its healthcare and cleanroom gloves over the quarter.

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