Commendable revenue & profit growth amidst challenging industry
 
KUALA LUMPUR, Feb 27 (Bernama) -- KPJ Healthcare once again recorded growth in its performance for the year ended 31 December 2019.
 
Its 4Q2019 results recorded an improvement in revenue to RM944.0 million compared to RM876.5 million in 4Q2018, an increase of 7.7%.  PAT for 4Q2019 reached RM90.8 million in comparison to RM55.0 million in 4Q2018, an increase of 65.0%. EBITDA for 4Q2019 registered at RM180.7 million, higher by 26.0% compared to RM143.4 million in 4Q2018.
 
For 2019, revenue increased by 7.1% to RM3.6 billion, compared to RM3.4 billion in 2018. Profit After Tax (PAT) had also increased by 21.8%, to RM226.7 million, versus RM186.2 million in 2018. In line with the revenue growth, the year’s EBITDA rose to RM640.6 million, up by 28.9% compared to the previous year’s RM497.0 million.
 
Financial Highlights
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KPJ’s President & Managing Director, YBhg Dato’ Amiruddin Abdul Satar, said “Year-on-year organic growth acceleration was supported by strong momentum of our Malaysian hospital operations – resulting in the stellar financial performance.

KPJ Perdana in Kota Bahru, Kelantan and KPJ Pasir Gudang in Johor both achieved more than RM100 million revenue for the first time.  KPJ was also able to meet its goal of opening three new hospitals in 2019, namely KPJ Bandar Dato’ Onn, KPJ Batu Pahat and KPJ Miri”.
 
In 2020, KPJ will also strategically relocate several hospitals from their original premises upon reaching maximum capacity to new hospital buildings with larger capacity, namely KPJ Kuching Specialist Hospital, and KPJ Kluang Specialist Hospital.
 
Apart from the Group’s strong Malaysian operations, the Indonesian Rumah Sakit Media Bumi Serpong Damai in Jakarta was able to expand its business, primarily through aggressive marketing offering innovative packages, as well as the addition of more inpatient beds. 
 
The Group will also be exploring possible expansion of new markets like Vietnam, China and the Middle East, as part of the Group’s big push on medical tourism into Malaysia. With the added capacity of our network hospitals arising from recent greenfield and brownfield development, KPJ is bullish about its prospect of expanding its foreign patient segment.
 
Operational Statistics:
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