KPJ Healthcare eyes 10% growth in revenue, net profit for FY17

JOHOR BAHRU, 20 April -- Pengerusi KPJ Healthcare Berhad Datuk Kamaruzzaman Abu Kassim dan Presiden KPJ Healthcare Berhad merangkap Pengarah Urusan KPJ Datuk Amiruddin Abdul Satar (kiri) pada sidang media selepas Mesyuarat Agung Tahunan KPJ ke 24 di sebuah hotel hari ini. --fotoBERNAMA(2017) HAK CIPTA TERPELIHARA

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 Dec 31, 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 reporters after KPJ Healthcare’s AGM in Johor Baru on Thursday.

Currently, he said, seven new hospitals were under construction while seven more were under expansion.

For the financial year ended Dec 31, 2016, the group recorded a 6.1% year-on-year growth in revenue to RM3bil from RM2.85bil in 2015.

Meanwhile, the group achieved a 7.4% increase in net profit for the 2016 financial year, registering RM155.8mil compared with RM145.1mil in the previous year. - Bernama