Riverstone Q3 earnings fall 28% to RM52 million
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Riverstone Holdings reported a 28% drop in Q3 FY2025 net profit to RM52 million, down from RM72.2 million a year earlier. Revenue fell 17.1% to RM247.5 million due to lower selling prices for healthcare gloves amid market competition. However, revenue increased 1.1% quarter-on-quarter, driven by stronger sales in cleanroom consumables. The board recommended an interim dividend of RM0.025 per share. Gross profit declined 26.1% to RM76.6 million, with a gross profit margin of 30.9%. The company aims to focus on higher-value customized products to enhance long-term value.
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