Corporate digest

Riverstone Holdings

MALAYSIAN cleanroom glovemaker Riverstone Holdings' net profit for the third quarter dropped 15.6 per cent to RM29.8 million (S$9.8 million) from the year-ago period, despite revenue climbing 10.9 per cent to RM167 million.

Earnings per share fell to 4.19 sen from 9.52 sen in the preceding year, while net asset value per share sank to 70.84 sen as at Sept 30, from 129.95 sen nine months ago. Riverstone shares finished S$0.03 or 3.3 per cent down at S$0.89 on Wednesday.