PETALING JAYA: Ranhill Utilities Bhd experienced significant revenue growth and strategic expansion initiatives across its engineering and energy segments in its financial year ended Dec 31, 2023 or FY23.
For the final quarter (4Q23) the group’s net profit fell 66% on-year to RM24.5mil due to increase of new imbalance.
Full-year earnings fell 40% on-year to RM57.8mil, its statement noted.
Looking ahead, Ranhill is steadfast in pursuing its targets of attaining 3,000 million litres a day of water, wastewater, and reclaimed water treatment capacity by 2027.