KUALA LUMPUR: KPJ Healthcare Bhd's net profit for the second quarter ended June 30, 2024 (2Q 2024) rose to RM75.88 million from RM46.88 million in 2Q 2023.
Revenue for the quarter under review increased by 18 per cent to RM930.56 million compared to RM785.36 million previously.
"This was largely contributed by the increase in bed occupancy rate (BOR) from increased patient visits and bed capacity in the current quarter," it said in a filing with Bursa Malaysia.
The specialist healthcare provider said the Malaysia segment accounted for approximately 98 per cent of its total revenue at RM914.2 million in 2Q 2024, representing a 19 per cent increase from RM770.5 million recorded in 2Q 2023.
KPJ Healthcare also declared a single-tier interim dividend of one sen per share, payable on Oct 4, 2024.
In the first half of 2024 (1H2024), the group's net profit improved to RM147.27 million from RM98.27 million in 1H2023, while revenue increased by 15 per cent to RM1.84 billion from RM1.60 billion previously.
On prospect, KPJ Healthcare said the group continues to embark on its strategic initiatives which include assets optimisation, bed expansion and talent acquisition.
"The group continued to face a competitive talent landscape in the healthcare industry, while cost pressures are expected to remain in the near future.
"We are cautiously optimistic on our prospects for the current financial year ending Dec 31, 2024," it said.
-- BERNAMA
TAGS: KPJ Healthcare Bhd, Results, 2Q FY2024, Outlook