Tuesday, November 29, 2011

KPJ Healthcare 3Q earnings up 14%to RM34.5m

KUALA LUMPUR (Nov 29): KPJ HEALTHCARE BHD [] recorded a 14% increase in its earnings to RM34.49 million in the third quarter ended Sept 30 from RM30.23 million a year ago.

It said on Tuesday, the profit before taxation for the current quarter has increased by 11.1% to RM47.9 million from RM43.1 million a year ago.

'The increase is in line with the increase in revenue of the hospitals,' it said, adding that revenue rose at a slower pace of 9% to RM476.02 million from RM436.48 million.'' Its earnings per share were 5.66 sen compared with 5.65 sen. It declared an interim dividend of 2.5 sen per 50 sen share.

For the nine-month period, its earnings rose 6.4% to RM92.16 million from RM86.64 million in the previous corresponding period. Its revenue rose 13.2% to RM1.384 billion from RM1.222 billion.

'Based on the positive performance for the current financial period, the board of directors is confident that the group will achieve better performance in comparison to the previous year,' it said.

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