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Ranhill to expand overseas business to boost growth


“The company and its strategic partner are in the final phase of negotiation with regards to the 300MW combined cycle power plant in Sandakan, Sabah which will contribute additional revenue and profit to the group,” Ranhill said.

“The company and its strategic partner are in the final phase of negotiation with regards to the 300MW combined cycle power plant in Sandakan, Sabah which will contribute additional revenue and profit to the group,” Ranhill said.

KUALA LUMPUR: Ranhill Holdings Bhd has started talks to expand its water treatment and electricity generation business overseas to boost growth, as earnings surged in the fourth quarter ended Dec 31.

Net profit rose 69% to RM22.45mil, the company said in a filing with Bursa Malaysia yesterday, despite a slight drop in revenue to RM372.5mil.

Corporate News , Ranhill , earnings , growth

   

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