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KPJ Healthcare posts higher Q1 pre-tax profit

May 31, 2012

KUALA LUMPUR: KPJ Healthcare Bhd recorded a higher pre-tax profit of RM49.303 million for the first quarter ended March 31, 2012 from RM41.553 million in the same quarter last year.

Its revenue rose to RM525.621 million compared with RM437.748 million previously.

The company has declared a single tier interim dividend of 2.5 sen a share, payable on July 13, 2012.

In a filing to Bursa Malaysia today, KPJ Healthcare said the increase was in line with the higher revenue generated by its hospitals.

The company has forecast that the healthcare market will enjoy steady growth in the current year due to the increase of the world’s ageing population and rapid growth of the middle-income group.

“The group will further strengthen its presence in Malaysia and Asia by continuously enlarging its capacity through the expansion of existing hospitals as well as the building of new hospitals,” it added.

Based on the positive economic prospects and financial achievements in the current quarter, the group was confident that its performance would continue to improve.

- Bernama


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