KPJ Healthcare’s profit rises 38% YoY to $16.1m in Q1 FY2024

The group’s revenue saw an 11% increase to $192.6m (RM908m).

Malaysia’s KPJ Healthcare Berhad has reported a higher profit after tax and minority interests (PATMI) from continuing operations to $16.1m (RM76m) in the first quarter (Q1), reflecting a 38% year-on-year (YoY) increase from $11.7m (RM55m).

In line with this, the group’s revenue for Q1 increased 11% YoY to $192.6m (RM908m) from the previous year’s corresponding quarter.

Meanwhile, earnings before interest, depreciation and amortisation (EBITDA) reached $52.4m (RM247m), a 27% YoY growth, with the EBITDA margin improving to 27.2% from 23.8% in Q1 FY2023. 

The group also reported an increase in inpatient visits to 91,039 patients from 88,036 patients.

According to the President and Managing Director of KPJ Healthcare, Chin Keat Chyuan, the quarter's overall performance is a reflection of the group’s strategic measures to maximise assets and reduce costs.

“I am also pleased to report that our hospitals currently in the gestation period — KPJ Bandar Dato' Onn, Damansara Specialist Hospital 2, KPJ Batu Pahat, and KPJ Perlis — have achieved positive EBITDA during the period under review,” Chin added.

RM1 = $0.21