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Riverstone posts 54.6% increase in 1HFY2024 earnings to $144.7 mil

Samantha Chiew
Samantha Chiew • 2 min read
Riverstone posts 54.6% increase in 1HFY2024 earnings to $144.7 mil
Riverstone sees better 1HFY2024. Photo: Bloomberg
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Riverstone Holdings recorded earnings of RM144.7 million ($42.9 million), some 54.6% higher than RM93.6 million in the previous year.

This came on the back of revenue increasing by 7.4% y-o-y to RM496.4 million, primarily fuelled by recovering demand for both cleanroom and healthcare gloves.

Cost of sales dropped 11.3% y-o-y to RM299.7 million.

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