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KPJ Healthcare eyes 10% growth in revenue, net profit for Financial Year 2017

Friday, 21 April 2017

JOHOR BARU: KPJ Healthcare Bhd, a private healthcare provider, is banking on the growth of new hospitals, to record a 10% growth in revenue and net profit for the financial year ending 31 December 2017.

President and managing director Datuk Amiruddin Abdul Satar was optimistic, given the group’s performance last year, that the target could be achieved driven by the new hospitals that were currently undergoing construction.

“New hospitals – we are talking about new areas, new locations that will provide stronger engine of growth in 2017,” he told after KPJ Healthcare’s AGM in Johor Bahru on Thursday.

Currently, he said, 7 new hospitals were under construction while 7 more were under expansion. For the financial year ended 31 December 2016, the group recorded a 6.1% year-on-year growth in revenue to RM3 billion from RM2.85 billion in 2015. Meanwhile, the group achieved a 7.4% increase in net profit for the 2016 financial year, registering RM155.8 million compared with RM145.1 million in the previous year.

Source by: Internet

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