KPJ Healthcare Berhad

KPJ sees 10pc revenue growth for FY13

KPJ Healthcare Bhd expects a 10 per cent increase in revenue

KPJ Healthcare Bhd expects a 10 per cent increase in revenue for its current financial year ending December 31, 2013 (FY13), from RM2.1 billion recorded a year ago, driven by additional capacity.

President and managing director Amiruddin Abdul Satar said the expansion of existing facilities and launch of new hospitals such as KPJ Sabah Specialist Hospital, Pasir Gudang Specialist Hospital and Maharani
Specialist Hospital would boost the group's revenue.

"The 10 per cent increase in revenue is achievable as we recorded annual percentage growth rate of 10 per
cent for the past few years," he said in a press conference at Invest Malaysia 2013 today.

KPJ Healthcare's revenue surpassed the RM2.0 billion mark for the first time in its 30-year history, with revenue rising by 10 per cent to RM2.1 billion last year from RM1.91 billion in 2011.

The record revenue was attributable to organic growth and income from newly completed project and acquisitions.

The company is also now seriously planning to open hospitals in Melaka and Terengganu in the near future to strengthen its footprint in the country before aggressively going abroad.

"We are now looking for suitable locations and land value in both states because the land pricing is important," Amiruddin said.

He also said that the company would focus efforts on growing its international footprint within the region but in a moderate manner via strategic alliances with third parties.

"We are not going to flush out money like other companies to buy or acquire companies overseas," he said.

Last year, KPJ Healthcare acquired an 80 per cent stake in PT Khidmat Perawatan Jasa Medika, which owns Rumah Sakit Medika Permata Hijau in Jakarta, Indonesia. It also bought a 23.3 per cent stake in Vejthani Hospital owned by Vejthani Public Co Ltd in Thailand.