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Riverstone reports 3QFY2024 net profit of RM72.2 mil, up 21.8% y-o-y

Ashley Lo
Ashley Lo • 2 min read
Riverstone reports 3QFY2024 net profit of RM72.2 mil, up 21.8% y-o-y
Earnings per share stood at 4.87 sen, up from 4 sen in 3QFY2023. Photo: Bloomberg
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Riverstone Holdings has reported a net profit of RM72.2 million ($21.8 million) for the 3QFY2024 ended September, up 21.8% y-o-y. 

Earnings per share stood at 4.87 sen, up from 4 sen in 3QFY2023. 

This came on the back of the group’s revenue, which saw a 33.9% y-o-y increase to RM298.4 million in 3QFY2024, driven by increased production volume and higher average selling prices. 

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