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Riverstone posts 5% drop in 4Q earnings to $11.5 mil

Stanislaus Jude Chan
Stanislaus Jude Chan2/22/2018 05:45 PM GMT+08  • 2 min read
Riverstone posts 5% drop in 4Q earnings to $11.5 mil
SINGAPORE (Feb 22): Glove manufacturer Riverstone Holdings posts a 5.0% decline in earnings to 34.2 million ringgit ($11.5 million) for the 4Q ended December, from 36.0 million ringgit a year ago.
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SINGAPORE (Feb 22): Glove manufacturer Riverstone Holdings posts a 5.0% decline in earnings to 34.2 million ringgit ($11.5 million) for the 4Q ended December, from 36.0 million ringgit a year ago.

This was mainly attributable to other operating expenses amounting to 2.7 million ringgit in 4Q17, compared to other operating income of 2.0 million ringgit a year ago, due to a net foreign exchange loss and fair value loss on derivatives.

This brings full year earnings to 129.3 million ringgit in FY17, up 7.4% from 120.4 million ringgit a year ago.

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