Riverstone Holdings' revenue climbs 7.4% in H1 2024

However, revenue for Q2 2024 remains stagnant.

Riverstone Holdings Limited saw its revenue expand by 7.4% year-on-year (YoY) to RM496.4m ($146.9m) in the first half of the year (H1 2024), fueled by demand for cleanroom and healthcare gloves.

However, revenue for Q2 2024 remained relatively flat (-1.0% quarter-on-quarter) despite port congestion from Red Sea diversions. Although, on a YoY basis it jumped 10.1% to $72.95m (RM246.9m).

Gross profit grew by 55.2% YoY to $58.2m (RM196.7m) with a gross profit margin of 39.6% for H1 2024, driven by product mix, a higher average selling price, and a lower cost of sales.

The top-line and gross profit contributed to a 54.6% YoY increase in net profit, reaching $42.8m (RM144.7m).

Meanwhile, the global semiconductor manufacturing industry projected a 6% YoY capacity expansion in 2024 and a 7% gain in 2025 to keep pace with growth in demand for high-performance chips.

($1.00 = RM3.38)

Follow the link s for more news on

Riverstone

company revenue

financial report

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia