Riverstone holdings
Riverstone Q3 earnings fall 28% to RM52 million
Revenue declines 17.1% due to lower prices for gloves amid more intense competition
Riverstone Q1 profit slides 21.8% to RM56.4 million despite higher revenue
Lower gross profit margin due to higher raw material cost, foreign exchange and change in market demand dynamics, says the group
Malaysian glove makers will likely stay afloat in Trump tariff tsunami, but face being priced out in non-US markets
Uneven duties are expected to make Chinese-made gloves more expensive in the US, which could benefit manufacturers in the South-east Asian country
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
Efforts to add new cleanroom clients would create additional revenue streams, says the company’s chief executive
Malaysian glove makers poised for US growth but broader tariffs may upend optimism
They may also face stiffer competition as Chinese rivals pivot from the US to markets in Europe and Asia, add analysts
Riverstone Q3 earnings rise 21.8% to RM72.2 million
Glovemaker’s revenue for the period also up by 33.9%, driven by increased production volume and higher average selling prices
Riverstone H1 net profit up 54.6% as demand for gloves recovers
New production lines are expected to be progressively commissioned by the end of this year
Hot stocks: Glove makers rally after Top Glove reports turnaround in Q3
Top Glove and Riverstone reach levels last seen during the peak of the Covid-19 pandemic
Riverstone’s Q1 2024 net profit rises 54.5% to RM72.2 million
Results primarily driven by higher sales volume from the cleanroom glove segment
