RiverStone

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Riverstone Holdings Limited – 4Q09 Results



Stellar Recovery

Riverstone Holdings Limited reported revenue increase of 43.7% qoq, to RM 47.4 million. Yoy, revenue was up 10.2% to RM 155.7 million. Riverstone’s 4Q09 net profit came in at RM 11 million, up 11.2% qoq and 89.5% yoy. Full year net profit was up 21.1%, to RM 29.5 million compared to RM 24.4 million a year ago. Both revenue and net profit were considered stellar given the poor performance in 1Q09 and 2Q09 as depicted in the chart below.