Riverstone Holdings' earnings surges by 396.3% in FY20; declares 22 sen dividends for year

Riverstone Holdings' earnings surges by 396.3% in FY20; declares 22 sen dividends for year
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SINGAPORE (March 1): Glove manufacturer Riverstone Holdings posted earnings of RM331.1 million (S$108.5 million) in its 4QFY20 ended December, up from RM32.1 million in the previous year.

This follows a surge in its revenue to RM720.8 million in 4QFY20, from RM257.4 million in the year before, that comes from the heightened demand for personal protective gear.

For its full-year ended December 2020 (FY20), Riverstone’s earnings soared by some 396.3% to RM647.3 million, from...(click on link for full story on theedgesingapore.com)