KPJ Healthcare confident of sustaining momentum in coming quarters

PETALING JAYA: KPJ Healthcare Bhd is optimistic of maintaining its momentum for the upcoming quarters.

The company said the current increasing revenue trend, coupled with its ongoing efforts in increasing the number of hospital beds, recruiting more consultants and expanding its range of services, are expected to maintain the group’s encouraging results and contribute positively to its performance, it told Bursa Malaysia.

For its second quarter ended June 30, 2023, KPJ’s net profit rose to RM46.95mil from RM27.08mil in the previous corresponding period, while revenue grew to RM799.51mil from RM699.34mil in the previous corresponding period.

Basic earnings per share stood at 1.08 sen versus 0.62 sen previously.

For the first half of 2023, KPJ’s net profit rose to RM98.84mil from RM49.22mil in the previous corresponding period, while revenue grew to RM1.63bil from RM1.34bil a year earlier.

KPJ Healthcare declared an interim dividend of 0.8 sen per share, with a total aggregate payment of RM34.9mil, to be disbursed to the shareholders on Oct 3.

Officer in Charge Norhaizam Mohammad said: “The strategies implemented at the group and our network of hospitals since the beginning of 2023 have continued to yield favourable outcomes as we capitalised on the resurgence in the healthcare sector. Our focus to be the preferred healthcare provider through measures such as investing in technologies to produce best clinical outcomes for our patients has led to an increased number of surgeries at our hospitals, contributing to improved earnings”.

“Deliveries were also one of the services that made a positive contribution to our business during the period under review. With the recent launch of our Women and Children Centre at KPJ Damansara Specialist, we believe it will further strengthen our leading position in providing state-of-the-art and comprehensive care to women and children,” Norhaizam said in a statement.