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KPJ HEALTHCARE SEES RM150MIL CAPITAL EXPENDITURE IN 2010

The company usually spends around RM150mil annually on capex but this also depends on the stability of the economy,” he said after the company’s EGM.

22-12-2009

Chairman Tan Sri Mohammad Ali Hashim said the money would be spent on upgrading its current medical facilities and building new hospitals in the country.
 
“The company usually spends around RM150mil annually on capex but this also depends on the stability of the economy,” he said after the company’s EGM.
 
Between January and September this year, KPJ posted RM1.07bil in revenue and RM80.57mil in net profit.
“This represents an increase of 13.36% and 18.76% respectively compared with the same period in the previous year.
“In spite of the economic slowdown, KPJ is confident that its performance for fiscal year 2009 would be better than the previous year,” he said.
 
At the EGM, KPJ received approval from its shareholders to proceed with its proposed share split, bonus and warrant issues.
The exercise will involve the sub-division of one ordinary share of RM1 each in KPJ into two ordinary shares of 50 sen each, followed by a 1-for-4 bonus issue and a subsequent 1-for-4 free warrant issue.
 
Upon completion of the exercise and full conversion of the warrants, KPJ will increase its share base to 660 million from 211 million.
“The proposal is expected to improve the liquidity of KPJ shares on the stock market and will better reflect the value of the company,” Ali said.



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