Water tariff hike push for Ranhill bottom line

PETALING JAYA: The water tariff hike for the non-domestic sector in Johor could help boost Ranhill Utilities Bhd’s earnings.

MIDF Research’s back-of-the-envelope calculation suggests a 3% impact to Ranhill’s group revenue from the revision in water tariff rates in the state. Water tariffs for nondomestic users will see an increase of 6%-11% (20-30 sen per cubic meter).