Riverstone's third-quarter profit up 14.7% QoQ on AI-led cleanroom demand

REvenue inched up by 1.1% to $76.7m (RM247.5m).

Riverstone Holdings’ third-quarter net profit rose 14.7% quarter on quarter to $16.1m (RM52m), lifted by higher cleanroom glove demand from AI and data centre clients.

Revenue increased 1.1% QoQ to $76.7m (RM247.5m), driven by stronger shipments of cleanroom and customised healthcare gloves. Demand from technology-linked sectors offset slower sales in general healthcare products.

Gross profit rose 16.5% to $23.8m (RM76.6m), lifting margins to 30.9% from 26.8% a year earlier, supported by lower raw material costs and better product mix. Operating expenses were stable, with net cash increasing to $252.6m (RM814.8m).

Newly commissioned cleanroom lines are expected to raise output for technology clients, while capacity reallocation toward customised glove production aims to sustain margins. Riverstone expects utilisation to stay above 80% in Q4 on continued cleanroom orders.

1 RM = 0.31 SGD

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