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Riverstone posts 24% rise in 1Q earnings to $10.8 mil on higher demand, production capacity

PC Lee
PC Lee • 2 min read
Riverstone posts 24% rise in 1Q earnings to $10.8 mil on higher demand, production capacity
SINGAPORE (May 4): Riverstone Holdings, the Malaysia-based manufacturer of specialised cleanroom and healthcare gloves, reported a 23.7% rise in 1Q17 earnings to RM33.6 million ($10.8 million) from a year ago.
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SINGAPORE (May 4): Riverstone Holdings, the Malaysia-based manufacturer of specialised cleanroom and healthcare gloves, reported a 23.7% rise in 1Q17 earnings to RM33.6 million ($10.8 million) from a year ago.

The increase was led by higher demand for products and additional 1 billion glove pieces to production capacity from Phase 3 expansion.

1Q17 revenue rose 38.9% to $205.7 million, driven in particular by an uptick in demand for its premium healthcare and cleanroom gloves.

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