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Riverstone Holdings reports 2QFY09 Results (06 Aug 09)
- Revenue: +12.3% (2Q09), -8.5% (1H09)
- Net Profit: +17.5% (2Q09), -24.2% (1H09)
- Outlook: The Group’s performance for 2Q2009 improved significantly as compared to the 1Q2009 due to higher demand for the Group’s cleanroom products.
- The Group expects this to continue so long as the semiconductor industry continue to strengthen in the forthcoming quarters.
- Following the diversification into healthcare gloves in the late 1Q2009, the Group’s healthcare gloves have started to produce a positive contribution to the 2Q2009 results.
- The Group expects the demand for the healthcare gloves to be robust in the remaining quarters.
- In response to the current economic situation, the Group will continue to take measures to control cost, mitigate risks and look out for further growth opportunities.
- Other receivables increased from RM1.4 million to RM4.8 million as at 30 June 2009 mainly due to payment of deposit for the purchase of fixed assets.
- Barring other unforeseen circumstances, the Directors are optimistic that the Group will achieve favourable results for the forthcoming quarters.
FINANCIAL RECORDS
Revenue (MYR '000)
FY 1Q 2Q 3Q 4Q Total
2009 25,798 37,731
2008 35,839 33,595 38,931 32,994 141,359
2007 28,024 27,604 33,235 37,799 126,662
2006 29,089 30,259 30,603 32,244 122,195
2005 NA NA NA NA 103,522
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Earnings (MYR '000)
FY 1Q 2Q 3Q 4Q Total
2009 1,824 6,761
2008 5,578 5,755 7,230 5,820 24,383
2007 3,973 4,891 5,484 8,492 22,840
2006 3,763 5,671 5,016 8,082 22,532
2005 NA NA NA AN 19,880
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Dividends
FY Interim Final Special (MYR)
2009 NA
2008 0.01777 0.01777 NA
2007 0.01290 0.02035 NA
2006 NA 0.0258 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (MYR)
NAV = $0.5125
EPS = $0.0219 (6M FY09)
No of Shares = 309,500,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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