Riverstone: Net Profit Rises 0.6% To RM130.4 Million For FY2019.

25 Feb 2020 17:39

Group's revenue rose 7.4% yoy to RM989.0 million on the back of higher sales volumes for both its cleanroom and healthcare glove segments. Supported by strong operating cash flows of RM167.8 million, the Group's balance sheet remains resilient with a net cash position of RM117.4 million (FY2018: RM77.0 million). Phase 6 of the Group's expansion plans is on track to lift capacity by up to 1.4 billion to a total of 10.4 billion pieces of gloves per annum, representing a growth rate of 15.6%. As a mark of confidence in the Group's future outlook, the Board recommends a final dividend of 5.85 sen (RM), bringing total dividends to 7.4 sen (RM) for FY2019 (FY2018: 6.75 sen (RM))...

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Source: ShareInvestor Express