PETALING JAYA: Lifted by higher revenue and contribution from the hospitals, KPJ Healthcare Bhd’s net profit rose 6.7% to RM36mil in the second quarter ended June 30, from RM33.7mil a year ago.
The healthcare services provider said that during the quarter in review, its revenue increased 7.8% to RM714.3mil from RM662.8mil previously. Its earnings per share (EPS) rose to 3.59 sen from 3.38 sen.
“The increase in net profit before tax is in line with the increase in revenue and contribution from the hospitals,” KPJ said in a filing to the stock exchange.
“Higher revenue for the period is mainly due to the increase in revenue of the existing hospitals and newly opened hospitals in the group,” it added.
It proposed a second interim dividend of 1.75 sen per share for the quarter in review.
On its prospects for the financial year ending Dec 31, KPJ said the group would envisage new hospitals, which will have an average gestation period between three and five years, to continue contributing towards the revenue growth this year along with the other existing hospitals.
“In line with the continuous demand, expansion of existing hospitals and building of new hospitals will remain to be the group’s core strategies, as this will enhance the capacity and improve the service delivery for our patients,” KPJ said.
For the six months to June, KPJ’s net profit rose 9.3% to RM69.9mil from RM63.8mil previously. Consequently, the group’s EPS rose to 6.77 sen from 6.36 sen.
During the first half of the year, KPJ’s revenue grew 12.5% to RM1.4bil from RM1.3bil, thanks to higher income from the group’s existing hospitals as well as newly opened ones.
