KPJ Healthcare’s 4Q16 earnings broadly in line, says Affin Hwang

A file picture shows one of the hospitals under the KPJ group. - RONNIE CHIN/THE STAR

KUALA LUMPUR: Affin Hwang Capital Research said KPJ Healthcare Bhd’s FY16 net profit was 7% above consensus expectations due to lower tax rate in 4Q16.

“KPJ’s 2016 net profit was above our and consensus estimates by 6-7%. 2016 revenue increased by 6% driven by of higher average revenue/patient of RM1,100 (6% year-on-year) while the total patient admission was flat,” it said.