Contract win to lift Ranhill net profit by RM5mil

MIDF Research says the estimated RM5mil contribution to Ranhill’s net profit is equivalent to 11% of its FY23 earnings estimates for the group.

PETALING JAYA: Ranhill Utilities Bhd’s recent contract win, via its 51%-owned subsidiary Ranhill Worley Sdn Bhd (RWSB), is expected to contribute almost RM5mil to the group’s net profit for its financial year 2023 (FY23).

Ranhill announced on Monday that it had won a 14-month contract from Sembcorp Marine Integrated Yard Pte Ltd for the engineering and detailed design of a new P-82 floating production, storage and offloading (FPSO) vessel via RWSB.