Written by The Edge
Wednesday, 04 August 2010 20:14
Mainboard-listed Riverstone Holdings, the manufacturer of cleanroom gloves, says net profit for the three months ended 30 June 2010 (2Q 2010) grew 43% to RM9.7 million ($4.1 million) from RM6.8 million in 2Q 2009.
Riverstone says group revenue rose 43% to RM54 million on continued strong demand for cleanroom and healthcare gloves.
Gross profit rose 40% from RM11.2 million to RM15.7 million and gross margins fell slightly from 30% to 29% on the back of higher raw material prices.
Dividend : RM 2 sen
