![Riverstone Holdings - CIMB Research 2016-05-09: Further margin compression a key risk Riverstone Holdings - CIMB Research 2016-05-09: Further margin compression a key risk](https://4.bp.blogspot.com/-biHhksRPw10/VcJujv02OZI/AAAAAAAABh8/bA_lTIKGy_g/s1600/riverstone%2Bholdings.png)
Riverstone Holdings - Further margin compression a key risk
- 1Q16 core net profit slightly below, at 20%/19% of our/consensus full-year forecast.
- 1Q16 net profit flat yoy despite sales increase of 17%.
- GPM dipped 2.5% pts yoy due to change in product mix and adverse FX impact.
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