KUALA LUMPUR (April 6): Ranhill Utilities Bhd has declared a second interim dividend of two sen per share for the financial year ended Dec 31, 2022 (FY2022).
The group fixed April 26 as the entitlement date, and May 15 as the payment date, it said in a local bourse filing with Bursa Malaysia on Thursday (April 6).
Ranhill last December declared a first interim dividend of half a sen per share for FY2022, with a Jan 4 entitlement date and payment on Jan 18.
The group reported a record net profit of RM96.74 million, on the back of RM1.73 billion in revenue in FY2022, the highest since it was listed in 2016. However, the total dividend per share of 2.5 sen proposed is not the highest the company has paid out.
Ranhill’s FY2022 net profit tripled from RM30.6 million a year earlier, while revenue was 12.77% higher than RM1.53 billion previously.
It attributed the improved top line to higher recognition of water revenue contributed by its subsidiary Ranhill SAJ Sdn Bhd arising from higher consumption in the commercial sector.
Meanwhile, the higher net profit was attributable to the recognition of non-revenue water reduction incentives received by Ranhill SAJ.
At 4.14pm on Thursday, Ranhill’s share price was up one sen or 1.98% at 51.5 sen, valuing the group at RM667.4 million.