Glove maker Riverstone doubles H1 earnings to RM137.5m

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.