[%FhJj%] -2Q24

Revenue and Profit Growth:

KPJ's core profit after tax and minority interests (PATMI) increased by 30.2% YoY to RM128.7m, driven by higher bed occupancy rates (BOR) and improved operating efficiency.
Revenue grew 14.9% YoY to RM1.84b, supported by a 16.4% YoY rise in 2QFY24 revenue to RM930.6m due to increased patient traffic.
Core PATMI for 2QFY24 jumped 65.2% YoY to RM77.6m due to higher gross profit margins (GPM) of 43.3% (vs. 40.1% in 2QFY23) and lower administrative expenses.
Outlook:

KPJ is focusing on optimizing existing hospital capacity, with plans to add 368 new beds in 2024 (+9.9%), aiming for a total of 5,000 beds by 2028.
The company is prioritizing brownfield expansions over greenfield projects for faster growth, while expecting flattish PATMI growth YoY due to a higher effective tax rate.
Key Drivers:

Higher BOR and increased bed capacity are expected to continue boosting revenue and profit.
The use of advanced technologies like the Da Vinci Robotic surgical system and the divestment of its aged care business in Australia also contributed to improved margins.

$KLSE-KPJ -2Q24

Revenue and Profit Growth:

KPJ's core profit after tax and minority interests (PATMI) increased by 30.2% YoY to RM128.7m, driven by higher bed occupancy rates (BOR) and improved operating efficiency.
Revenue grew 14.9% YoY to RM1.84b, supported by a 16.4% YoY rise in 2QFY24 revenue to RM930.6m due to increased patient traffic.
Core PATMI for 2QFY24 jumped 65.2% YoY to RM77.6m due to higher gross profit margins (GPM) of 43.3% (vs. 40.1% in 2QFY23) and lower administrative expenses.
Outlook:

KPJ is focusing on optimizing existing hospital capacity, with plans to add 368 new beds in 2024 (+9.9%), aiming for a total of 5,000 beds by 2028.
The company is prioritizing brownfield expansions over greenfield projects for faster growth, while expecting flattish PATMI growth YoY due to a higher effective tax rate.
Key Drivers:

Higher BOR and increased bed capacity are expected to continue boosting revenue and profit.
The use of advanced technologies like the Da Vinci Robotic surgical system and the divestment of its aged care business in Australia also contributed to improved margins.