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KPJ Healthcare’s 4Q net profit up 18%, declares dividend for FY18 |
| 26-02-2018 |
KUALA LUMPUR (Feb 26): KPJ Healthcare Bhd’s net profit for the fourth quarter ended Dec 31, 2017 (4QFY17) grew by 18% to RM61.32 million year on year compared with RM52 million last year on higher revenue from Malaysian operations. Earnings per share expanded to 1.37 sen from 1.17 sen per share in 4QFY16, while revenue grew 13% to RM833.73 million from RM736.01 million a year ago. The healthcare group declared a single interim dividend of 0.5 sen per share for the financial year ending Dec 31, 2018, which will be payable on April 20. In a Bursa filing today, it said the Malaysian operations segment continues to excel, having reported a 15% increase in revenue thanks to an increase in number of patient episodes and complex cases per inpatient which is in line with increased promotional activities and healthcare tourism efforts done during the year. It added that the group continued to record growth arising from new hospitals, such as KPJ Klang, Rawang, Pasir Gudang, Bandar Maharani and Pahang. “A total of 25 new consultants from various disciplines joined the group which contributed to an increase of 8% for its inpatient and outpatient treated at our hospitals,” it said. Its Indonesian operations however recorded a decrease in revenue due to a lower number of patients “particularly for Rumah Sakit Medika Permata Hijau, and also due to appreciation of the ringgit towards the end of the year which has resulted in an increase in foreign exchange loss,” the group said. For its full financial year ended Dec 31, 2017, KPJ Healthcare’s net profit increased by 8% to RM165.55 million versus RM153.62 million a year ago. Annual revenue grew 7% to RM3.18 billion from RM2.97 billion in the previous year. Commenting on the group’s prospects, KPJ Healthcare said it recognises that rising costs will continue to be a challenge in 2018. “In ensuring consistent improvement of EBITDA and profit before zakat and taxation (PBZT) margin, the group will focus on discipline cost management through innovation approaches in operational excellence from financial and other related aspects. With more new hospitals completing their gestation period, the group’s results will be further improved,” said KPJ. The stock closed down one sen or 1.07% today to 92.5 sen bringing it a market capitalisation of RM3.9 billion.The Edge
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