The growth was supported by a 20% increase in profit from continuing operations to RM365 million, along with a net gain from the divestment of its aged care business in Australia.

The group also recorded a 15% revenue jump to RM3.92 billion, up from RM3.24 billion in 2023, driven by higher patient visits and expanded bed capacity.

For the fourth quarter of FY2024 (4Q24), KPJ Healthcare posted RM1.05 billion in revenue, reflecting a 15% year-on-year increase from RM911.5 million in 4Q23.

The higher revenue was primarily attributed to rising patient volumes and expanded bed capacity during the quarter.

KPJ Healthcare president and managing director Chin Keat Chyuan expressed optimism for this year, citing robust capacity expansion plans and the development of centres of excellence across the group.

“KPJ will also further strengthen its value creation plan in 2025 through optimisation of assets and prudent financial management to deliver quality and sustainable healthcare service,” he said.

Looking ahead, he affirmed KPJ’s commitment to long-term sustainable growth, leveraging technology, strategic partnerships and patient-centric innovations to enhance patient experience, expand health tourism and generate greater value for shareholders.