Riverstone Holdings Limited announced earnings results for the first quarter ended March 31, 2016. For the period, the company's revenue was MYR 148.1 million against MYR 127.2 million a year ago. Profit before tax was MYR 31.7 million against MYR 32.9 million a year ago. Net profit was MYR 27.2 million against MYR 27.0 million a year ago. EPS - fully diluted was 3.82 sen against 7.28 sen a year ago. As at 31 March 2016, the Group generated positive operating cash flow of MYR 13.3 million and exercised MYR 13.0 million for investing activities mainly for the purchase of PPE and installments paid for the purchase of a piece of land.

The company remain cautiously optimistic with ongoing expansion plans as global demand for gloves is estimated at 190.0 billion pieces for 2016 and has a growth rate of 6% -­ 8% going forward.