KPJ Healthcare Q2 earnings down 27.3% due to new hospitals
KUALA LUMPUR: KPJ Healthcare Bhd’s earnings fell 27.3% to RM25.29mil in the second quarter ended June 30, 2013 as it was impacted by losses from the newly-opened hospitals in the group.
It said on Friday its revenue rose 11% to RM587.69mil from RM529.29mil a year ago while earnings per share were 4.24 sen compared with 5.98 sen. It declared an interim dividend of 2.0 sen.
For the first half, its earnings fell 26% to RM50.38mil from RM68.13mil in the previous corresponding period. Its revenue rose 7.3% to RM1.132bil from RM1.054bil.
“The higher revenue for the period is mainly due to the increase in revenue of the existing hospitals and newly opened hospitals in the group,” it said.
On the Malaysian segment, it said revenue increased by 5% to RM1.012bil from RM965.8mil due to the increase in revenue of the existing hospitals and newly-opened hospitals in the group.
As for the Indonesian segment, it recorded revenue of RM17.7mil, up 72% from RM10.3mil a year ago due to contributions from PT Khidmat Perawatan Jasa Medika in current quarter.
KPJ’s aged care facility segment recorded revenue of RM17.9mil, up 36% from RM13.2mil due to the increase in the resale of Retirement Village unit in 2013.
Its support services segment posted revenue of RM287.3mil, up 18% from RM244mil.
via KPJ Healthcare Q2 earnings down 27.3% due to new hospitals – Business News | The Star Online.