Water tariff hike set to boost Ranhill’s earnings

RHB Research said it was making no changes to its earnings estimates pending further clarity from management.

PETALING JAYA: Ranhill Holdings Bhd could post additional billings of about RM30mil to RM50mil for the financial year 2023 (FY23) following the water tariff hike for non-domestic sector in Johor, according to RHB Research.

The research firm understands the group’s 80%-owned water operator subsidiary, Ranhill SAJ (RSAJ), may recognise differences between old and new tariffs for non-domestic users for the months of August to December 2022.