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Riverstone Holdings posts 1,021.7% jump in 1QFY21 earnings

The Edge Singapore
The Edge Singapore • 1 min read
Riverstone Holdings posts 1,021.7% jump in 1QFY21 earnings
The company will have the capacity to make 15 billion pieces of gloves per year by end of 2023
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Glovemaker Riverstone Holdings has reported earnings of RM522.7 million for the three months ended March 2021, up 1,021.7% y-o-y. Revenue in the same period was RM1,032.3 million up 269.5% y-o-y, as demand for protective equipment remains strong.

The company’s production capacity, following a recent expansion, has increased by 1.5 billion pieces per year to 10.5 billion pieces.

Its order book remains full till end of the year.

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