PETALING JAYA: KPJ Healthcare Bhd
, which saw its revenue for the third quarter ended Sept 30, 2024 (3Q24) surpass the RM1bil mark for the first time, expects the healthcare landscape to remain dynamic.
In a filing with Bursa Malaysia, the group said it intends to pursue and deliver its strategic initiatives which include asset optimisation, bed expansion and talent acquisition.
“Additionally, as we move forward, the group is committed to upholding prudent financial management and discipline.
“The industry continues to face a competitive talent landscape in the healthcare industry as well as pressure on costs are expected to remain in the near future. The group remains confident on its prospects for the current financial year ending Dec 31, 2024.”
In 3Q24, KPJ said revenue rose to RM1.03bil from RM906.89mil in the previous corresponding period, driven by increased patient volumes and expanded bed capacity across its network.
Net profit dipped to RM86.03mil from RM91.75mil.
Group earnings before interest, taxes, depreciation and amortisation (ebitda) was RM253.7mil. Excluding a one-off gain of RM34.8mil from the disposal of Indonesian operations in 3Q23, ebitda grew 14%, reflecting strong operational performance.
For the nine months ended Sept 30, 2024, KPJ reported revenue of RM2.87bil, a 15% increase from RM2.51bil in the previous corresponding period.
Net profit rose to RM233.30mil from RM190.02million a year earlier.
KPJ has declared a fourth interim dividend for the current financial year of 1.15 sen per share, totalling RM50.2mil. This dividend will be disbursed to shareholders on Dec 27, 2024.
With enhanced service offerings and increased bed capacity, KPJ president and managing director Chin Keat Chyuan said the group will drive patient satisfaction and achieve stronger results.
“We remain focused on delivering even greater value as we expand our services to meet the nation’s growing healthcare needs."
