Glove maker Riverstone doubles H1 earnings to RM137.5m
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Singapore
MALAYSIAN glove maker Riverstone Holdings posted a 119.3 per cent surge in net profit to RM137.5 million (S$45.27 million) for the six months ended June, driven by the spike in global demand for its healthcare examination gloves, clean-room gloves and face masks.
With stronger sales, the mainboard-listed company recorded a 30.5 per cent jump in revenue to RM626.7 million in H1.
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