Riverstone Holdings, the leading manufacturer of specialised cleanroom and healthcare gloves, has reported record quarterly sales and earnings for the three months ended 30 June 2012 (2Q 2012).
Group revenue rose 19.5% to RM78.3 million ($31 million) while earnings rose 7.2% to RM11 million.
Group revenue increased on the back of continued growth in demand for its healthcare gloves as well as the gradual recovery in demand for cleanroom gloves. Group gross profit increased 6.2% to RM16.9 million.
Group pretax profit increased 10.2% to RM12.2 million.
For the six months ended 30 June 2012 (1H 2012), group revenue rose 16.6% to RM151.6 million while earnings increased by 5.4% to RM20.7 million.
As at 30 June 2012, total shareholders’ equity stood at RM238.7 million and NTA per share was 73.4 sen (based on 325.1 million shares issued).
The debt-free group has cash and cash equivalents of RM51.1 million, up from RM35.9 million a year ago.
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