KPJ’s core earnings surge 71% in 4Q23

PETALING JAYA: KPJ Healthcare Bhd’s earnings growth is expected to be driven by its gradual expansion into the health-tourism segment, resilient domestic patient volumes and the government’s emphasis on inter-sectoral collaboration.

RHB Research said KPJ’s core earnings for the fourth quarter of 2023 (4Q23) surged by 71% year-on-year (y-o-y), underpinned by improved patient mix and hospital activity as well as higher revenue generated from its KPJ Penang, KPJ Puteri and Damansara Specialist 2 hospitals.