Thursday 28 Mar 2024
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KUALA LUMPUR: KPJ Healthcare Bhd, the country’s largest healthcare group, posted a 6.7% rise in second-quarter net profit in line with the increase in revenue and contribution from its hospitals.

Net profit for the three months ended June 30, 2015 (2QFY15) grew to RM35.99 million or 3.59 sen a share from RM33.74 million or 3.38 sen a share a year ago. Revenue for 2QFY15 also expanded 7.8% to RM714.27 million from RM662.82 million in 2QFY14.

It also declared an interim dividend of 1.75 sen per share for the financial year ending Dec 31, 2015 (FY15), payable on Oct 19.

For the six months period (1HFY15), KPJ Healthcare saw its net profit increase 9.3% to RM69.89 million from RM63.96 million in 1HFY14, while revenue jumped 12.5% to RM1.42 billion from RM1.27 billion

On prospects, KPJ Healthcare said in line with the strong demand, expansion of existing hospitals and building of new hospitals will remain the group’s core strategies, as this will enhance the capacity and improve the service delivery for its patients. 

“The group envisages that the new hospitals, which will have an average gestation period of between three years and five years, will continue to contribute towards revenue growth in 2015 along with the other existing hospitals,” it added.

 

This article first appeared in digitaledge Daily, on August 28, 2015.

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