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Riverstone reports 656.8% earnings jump

The Edge Singapore
The Edge Singapore8/5/2021 11:35 PM GMT+08  • 1 min read
Riverstone reports 656.8% earnings jump
Riverstone is expanding its capacity to 15 billion pieces per year by FY2023.
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Glovemaker Riverstone Holdings has reported earnings of RM1.04 billion for 1HFY2021, up 656.8% y-o-y.

Revenue in the same period was up 222.2% y-o-y to RM2 billion, with demand for gloves shooting up amid the pandemic.

The company plans to reward shareholders with an interim dividend of 10 sen, versus four sen paid this time last year.

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