KPJ Healthcare Doubles Its Profits For Q3

For the third quarter of 2022, KPJ Healthcare’s consolidated revenue came in at RM809.2 million the highest revenue per quarter as compared to previous quarters since the first quarter of 2021. The improved performance the group said was supported by the improving hospital activities evidenced by the increase in patient visits and bed occupancy rate to 910,995 patients (Q3 2021: 782,732 patients) and 64% (Q3 2021: 43%) respectively.

The new opening of Damansara Specialist Hospital 2 had also started to contribute to the Group’s quarterly performance.

The revenue performance contributed to a 38% increase in EBITDA at RM203.6 million while PBT was RM92.2 million which is an increase from RM43.4 million recorded in Q3 2021.

For the nine months, group revenue is RM2.16 billion an increase of 12% compared to RM1.93 billion in the same corresponding preceding financial period. Revenue growth in the current period is the result of growing hospital activities and improved public confidence from the ongoing economic recovery.

In line with increased revenue coupled with improved cost management practices, EBITDA for the current financial period was 32% higher at RM515.1 million as compared to RM390.6 million for the period ended 30 September 2021. Accordingly, the profit before tax also closed higher at RM176.1 million compared to the same period in 2021 of RM77.8 million

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