KUALA LUMPUR, Feb 16 (Bernama) -- KPJ Healthcare Bhd’s net profit for the financial year ended Dec 31, 2023 (FY2023) jumped to RM263.41 million from RM166.98 million registered in FY2022.
Similarly, revenue was 19 per cent higher at RM3.42 billion from RM2.87 billion previously, contributed by the increase in patient visits.
“The revenue for the Malaysia segment in 2023 closed at RM3.35 billion from RM2.83 billion in the preceding year. This is mainly contributed by the increase in inpatient visits to 350,330 patients from 297,071 in the current financial year, evidenced by the higher bed occupancy rate (BOR) of 67 per cent compared to 58 per cent in 2022,” the company said in a filing with Bursa Malaysia.
For the fourth quarter (4Q 2023), KPJ's net profit rose to RM73.39 million from RM63.41 million while revenue increased to RM911.46 million from RM765.83 million.
On its prospects, the hospital operator said the expectation that the Malaysian economy would grow between 4 and 5 per cent in 2024 augurs well for the group.
The group expects an increase in the number of patients for the year, supported by an increase in new beds and services as well as the hiring of new consultants.
“The health tourism sector is expected to exceed RM2 billion in revenue in 2024, which the group aims to capitalise on,” it added.
-- BERNAMA
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