SINGAPORE (May 8): Cleanroom and healthcare gloves manufacturer Riverstone Holdings posted a 7.6% decline in earnings to 31.1 million ringgit ($10.5 million) for the 1Q ended March, from 33.6 million ringgit a year ago.
1Q18 revenue climbed 2.0% to 209.8 million ringgit, from 205.7 million ringgit a year ago.
However, gross profit fell 9.5% to 46.9 million ringgit in 1Q18, as gross profit margin shrank by 2.9 percentage points to 22.3%.
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