Running full cap: Riverstone registers 7.1% profit surge in 2Q14

Interim dividend is at 2.35 sen/share.

Demand is strongly rising for Riverstone’s cleanroom and healthcare gloves, resulting in a >90% utilisation rate of its plant and a topline growth of 7.1% in 2Q14.

A report by RHB reveals that the first phase of Riverstone’s key expansion plans is on track as the company has already commenced trial production on its new facility and expects it to hit full production capacity by 4Q14. RHB says that Riverstone is on track to add 1.0 billion gloves to its annual production capacity by year-end.

RHB adds that given the company’s strong niche in producing high-end cleanroom gloves and delivering highly-customisable healthcare gloves, the additional 1.0 billion capacity will likely be fully taken up once it is ready.