Riverstone's Net Profit Declines 24% in Q1

MT Newswires

05/11

Riverstone's (SGX:AP4) net profit to equity holders dropped 24% during the first quarter of the year to 41.1 million ringgit from 56.4 million ringgit a year earlier, according to a Friday filing with the Singapore Exchange.

Shares of the manufacturer of gloves were up over 1% in Monday trading.

Revenue fell 14.5% year over year to 214.3 million ringgit from 252.3 million ringgit.

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