$Riverstone (AP4.SG)$ Glove-maker Riverstone Holdings chalke...
$Riverstone(AP4.SG$
Glove-maker Riverstone Holdings chalked up a near 50 per cent jump year-on-year in net profit to RM266.4 million (S$86.4 million) for the third quarter ended Sep 30, 2021. Revenue rose about 35 per cent to RM652.8 million, on the back of demand for its healthcare examination gloves amid the pandemic as well as for its high-tech cleanroom gloves from firms in the electronics and semiconductor industries. Still, market prices have started to normalise as major distributors adopt a wait-and-see stance, Riverstone flagged.
Glove-maker Riverstone Holdings chalked up a near 50 per cent jump year-on-year in net profit to RM266.4 million (S$86.4 million) for the third quarter ended Sep 30, 2021. Revenue rose about 35 per cent to RM652.8 million, on the back of demand for its healthcare examination gloves amid the pandemic as well as for its high-tech cleanroom gloves from firms in the electronics and semiconductor industries. Still, market prices have started to normalise as major distributors adopt a wait-and-see stance, Riverstone flagged.
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