Wednesday, August 5, 2015

Riverstone up 3% on bullish 2Q earnings

Shares in Malaysia-based glovemaker Riverstone rose more than 3% on Wednesday, a day after it released it 2Q earnings.

The firm posted a 68.1% y-o-y increase in its 2Q earnings to RM27 million ($9.7 million). Revenue rose 33.2% to RM129 million from stronger sales activities.

At 10.36am, the stock was up 3.1% at 1.81 cents with 211,000 shares traded.

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