KPJ Healthcare registers best-ever annual profit

KUALA LUMPUR: KPJ Healthcare Bhd is exploring opportunities abroad after the hospital operator posted its best-ever annual results amid ongoing expansion.

On its outlook for 2020, the company said the additional capacity from new hospitals which has started its operation, coupled with the completion of the expansion at the existing hospitals will enable the group to cater rising demand for healthcare services by the local and foreign patients.

Shares in KPJ was up one sen at 93 sen at 3.30pm.

For the financial year ended Dec 31, 2019 (FY19) net profit rose 18% to RM211.4mil, or 4.95 sen a share.

Revenue climbed 7% higher to RM3.6bil.

“Year-on-year organic growth acceleration was supported by strong momentum of our Malaysian hospital operations – resulting in the stellar financial performance," KPJ’s president and managing director Datuk Amiruddin Abdul Satar said in a statement today.

He said the group will also be exploring possible expansion of new markets like Vietnam, China and the Middle East, as part of the group’s big push on medical tourism into Malaysia.

"With the added capacity of our network hospitals arising from recent greenfield and brownfield development, KPJ is bullish about its prospect of expanding its foreign patient segment." he said.

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