Ranhill's earnings projected to rise on water tariff hikes

KUALA LUMPUR: RHB Research said the increase in water tariffs by Ranhill Utilities Bhd's water operating unit is timely - given that the last rate hike was in 2015 - and will ease pressure on the group's earnings caused by higher lease payments and running costs.

For FY23, the research firm said the increased tariffs could bring in estimated additional billings of RM30-50mil. It said earnings in FY23 and FY24 could rise by more than 15% from current projections.