This y-o-y decline in revenue was due to lower blended average selling prices for healthcare gloves amid intensified market competition, the group says.
Riverstone Holdings has reported a net profit of RM52 million ($16.31 million) for the 3QFY2025 ended Sept 30, down 28% y-o-y. For the 9MFY2025, net profit came in 29.1% y-o-y lower at RM153.8 million.
Revenue for the reporting period declined 17.1% y-o-y to RM247.5 million, and 6.3% y-o-y for the 9MFY2025 to RM744.6 million.
