On 11 November 2024, Riverstone Holdings Limited (“RS”) announced their third quarter results for FY2024. Their financial position remains resilient, with the low gearing and high net cash position. They were able to also generate consistent profits similar to the previous quarters, though their earnings per share seem to be lower than the total dividend paid out in the calendar year 2024. This may be an indication that the final dividend may be cut when announced in 2025.
Disclaimer: Not financial advice. All data and information provided on this site is for informational purposes only.
Website: Financial Statements And Related Announcement::Third Quarter Results
Website: General Announcement::Corporate Presentation 3Q2024
Photo source: https://markets.businessinsider.com/news/stocks/nxpi-vs-on-semiconductor-stability-vs-growth-potential-in-a-volatile-market-1033428302
Financial Highlights
Revenue
| Metrics |
Current |
Previous |
| Revenue |
+16.0% |
+7.4% |
| Rating |
Favorable |
Favorable |
Revenue for the
9 months ending 30 September 2024 increased by
16.0% to
MYR794 million from MYR685 million for the same period in the previous financial year, primarily driven by increased production volume and higher average selling prices. Overall, the revenue metric is
Favorable....
