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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.

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