KPJ Healthcare Berhad (“KPJ” or “the Group”) announced its third quarter results for the financial year ending 31 December 2020 (“Q3FY2020”) on 30 November 2020.
KPJ recorded a sterling set of results for Q3FY2020 where the pre-tax profit surged by almost 200%, against the preceding quarter, to RM56.1 million on the back of a 36% rise in revenue to RM850.7 million. Higher bed occupancy rate (“BOR”), increase in number of outpatients and inpatients, and coupled with improved profit margins are the main reasons contributing to the improved Q3FY20 earnings.
KPJ’s four newest hospitals namely KPJ Perlis, KPJ Miri, KPJ Batu Pahat and KPJ Bandar Dato' Onn Specialist Hospital collectively experienced a 39% increase in inpatients, 21% increase in outpatients and number of surgeries grew by 34% in Q3FY2020.
Encouragingly, all of KPJ’s 28 hospitals in Malaysia recorded higher BOR on a quarter on quarter basis, of which 10 hospitals recorded BOR exceeding 60%, giving an average BOR of 51% for the Group in the quarter under review. This is a 17 percentage point increase from second quarter’s BOR of 34%. Quarter on quarter, the total outpatient number increased by 31% to over 671,000 while the total inpatient episodes grew by 50% to over 65,000.
KPJ Healthcare Berhad’s President and Managing Director Ahmad Shahizam Mohd Shariff said, “Our long term growth strategy is continuously proving its worth and showing the desired, favourable results. The uptrend is a reflection of people choosing KPJ as the preferred provider of healthcare are increasing as evident in the increased number of patient’s visits and new patients.”
He further added, “In addition, KPJ has also intensified its efforts to strengthen its business deliverables. KPJ’s focus is to broaden its digital healthcare services for the benefit of patients and customers alike.