Ranhill Utilities Berhad Third Quarter 2024 Earnings: EPS: RM0.013 (vs RM0.008 in 3Q 2023)

Ranhill Utilities Berhad (KLSE:RANHILL) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM628.2m (up 3.1% from 3Q 2023).
• Net income: RM16.3m (up 59% from 3Q 2023).
• Profit margin: 2.6% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.013 (up from RM0.008 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ranhill Utilities Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Water Utilities industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 8.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Ranhill Utilities Berhad (1 is a bit unpleasant!) that you should be aware of.

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