You are here

Riverstone Q4 profit climbs 66.4% to RM37.2 million

RIVERSTONE Holdings' net profit rose 66.4 per cent in the fourth quarter to RM37.2 million (S$12.34 million) amid stronger demand for gloves.

Full-year profit in 2015 increased by 78.4 per cent to RM126.5 million, the maker of rubber gloves announced on Wednesday after the market closed.

Riverstone is declaring a final dividend of 5.25 sen per share. The company paid a 4.55 sen per share final dividend a year earlier, although that was before the company carried out a one-for-one bonus share issue.

Revenue increased by 37 per cent to RM153.5 million during the quarter due to higher demand for gloves, the company said.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes