SUBSCRIBERS
Glove maker Riverstone doubles H1 earnings to RM137.5m
Published Wed, Aug 5, 2020 · 09:50 PM
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Vodafone gets green light for 5 billion euros sale of Spanish business
US dollar slips after unexpected rise in US producer prices
TSMC says construction of first European plant on track to start in fourth quarter
ESR attempts to suspend Sabana Reit’s May 24 EGM
US: Wall St nearly flat at open after hot inflation data
Miyoshi chief executive charged over accounting irregularity