Riverstone's Attributable Profit Declines in Q3; Shares Down Nearly 7%

MT Newswires

11/11

Riverstone's (SGX:AP4) attributable profit to equity holders in the third quarter declined to 52.0 million ringgit from 72.2 million ringgit a year earlier, according to a Monday filing with the Singapore Exchange.

Shares of the asset management firm were down nearly 7% in Tuesday trading.

Earnings per share fell to 0.0351 ringgit compared with 0.0487 ringgit in the comparable period.

Revenue meanwhile, fell to 247.4 million ringgit from 298.4 million ringgit, mainly due to reduced sales.

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