The group’s revenue for the reporting period came in 0.1% y-o-y higher at RM497.1 million. Gross profit came in 24.8% y-o-y lower for 1HFY2025 at RM147.9 million, resulting in gross profit margin declining 9.9 percentage points (ppts) to 29.7%.
Riverstone Holdings has reported lower earnings of RM144.7 million ($43.85 million) for the 1HFY2025 ended June 30, down 29.6% y-o-y.
Earnings for the second quarter alone declined 19.6% y-o-y to RM45.4 million, and revenue declined 3% y-o-y to RM244.8 million.
