Gross profit rose 42% y-o-y to RM357.2 million for 3QFY2021, as average selling prices remain comparatively higher than pre-pandemic levels. Blended gross profit margin stood at 54.7% for 3Q2021.
Glove manufacturer Riverstone Holdings has reported a strong set of results in its 3QFY2021 business update even as the world tries to move toward an “endemic” Covid-19 strategy.
Revenue for Riverstone grew 35.3% to reach RM652.8 million ($211.75 million), compared to 3QFY2020’s figure of 482.3 million.
