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Long-term outlook positive for Riverstone despite 3Q hiccups

Samantha Chiew
Samantha Chiew • 3 min read
Long-term outlook positive for Riverstone despite 3Q hiccups
SINGAPORE (Nov 9): Riverstone Holdings on Tuesday announced that its 3Q17 earnings were up 15.1% to RM34.3 million ($11.1 million) from RM29.8 million a year ago on higher revenue.
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SINGAPORE (Nov 9): Riverstone Holdings on Tuesday announced that its 3Q17 earnings were up 15.1% to RM34.3 million ($11.1 million) from RM29.8 million a year ago on higher revenue.

Overall, the group’s 9M17 earnings were at RM95.1 million, up 12.8% from RM84.3 million last year.

Revenue for the third quarter ended September increased 12.5% y-o-y to RM187.8 million from RM167 million in 3Q16, due to an increase in demand for healthcare and cleanroom gloves.

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