KPJ’s Q2 earnings grow by 33.4pc

KUALA LUMPUR: KPJ Healthcare Bhd posted a net profit of RM33.74 million in second quarter ended June 30, up 33.4 per cent from RM25.29 million recorded in the same period a year ago.

Group revenue increased to RM662.82 million from RM587.69 million previously.

KPJ said this was achieved amid rising expenses and operating costs incurred by the new KPJ hospitals, which are still in their gestation period.

Earnings per share rose to 3.29 sen compared with 2.55 sen the same period last year.

The group has declared a 1.45 sen dividend for the quarter.

KPJ president and managing director Amiruddin Abdul Satar attributed the performance to significant improvements in operations.

Amiruddin said the average hospital occupancy rate stood at a healthy 72.7 per cent as at June 30, despite the challenging market environment and increased competition.

“We are confident of the operational efficiency enhancement, improvement of service delivery, austerity drive and cost containment initiatives that we have put in place throughout the group since the third quarter of last year,” he said in a statement yesterday.

For its half year, KPJ’s net profit increa-
sed to RM63.96 million from RM50.38 million previously on the back of RM1.26 billion revenue.