KUALA LUMPUR: KPJ Healthcare Bhd reported a net profit of RM86.02 million for the third quarter ending September 30, 2024, compared to RM91.74 million in the same period last year. The healthcare provider’s revenue, however, increased by 14% to RM1.03 billion from RM906.89 million, marking a significant growth milestone.
According to BERNAMA News Agency, the company announced that it surpassed RM1 billion in quarterly revenue for the first time, reflecting increased patient volumes and expanded bed capacity across its network. This growth is further highlighted by the group’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) reaching RM253.7 million. Excluding a one-time gain of RM34.8 million from the sale of its Indonesian operations in FY2023, EBITDA rose by 14%, demonstrating robust operational performance.
The healthcare group maintained strong momentum in the third quarter of FY2024, achieving a bed occupancy rate of 72%. Inpatient admissions grew by 6% to 103,228, and outpatien
t visits increased to 784,437, showcasing KPJ’s ongoing commitment to accessible and effective healthcare services.
Over the first nine months of the fiscal year ending December 31, 2024, KPJ’s net profit rose to RM233.30 million from RM190.01 million, with revenue increasing by 15% to RM2.87 billion. EBITDA also saw a 7% rise to RM687.3 million, indicating sustained operational efficiency.
The group declared a fourth interim dividend of 1.15 sen per share for FY2024, amounting to RM50.2 million, scheduled for distribution on December 27, 2024. President and Managing Director Chin Keat Chyuan emphasized that achieving RM1 billion in quarterly revenue underscores the group’s ability to provide high-quality, patient-centred healthcare while enhancing operational performance.
KPJ Healthcare also highlighted its ongoing sustainability initiatives. Damansara Specialist Hospital 2 (DSH2) became the group’s first hospital to earn Green Building Index (GBI) certification, setting a benchmark for eco-friendly healt
hcare practices. Additionally, KPJ Rawang’s rooftop solar photovoltaic system is anticipated to reduce carbon emissions equivalent to saving 3,000 trees annually, aligning with Malaysia’s environmental goals.
The group is focused on asset optimisation, expanding bed capacity, and talent acquisition to enhance operational capabilities. Despite challenges such as cost pressures and a competitive talent market, KPJ Healthcare is committed to prudent financial management and delivering value to stakeholders, expressing confidence in its prospects for FY2024.