KPJ Healthcare Berhad Third Quarter 2024 Earnings: Beats Expectations

KPJ Healthcare Berhad (KLSE:KPJ) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM1.03b (up 12% from 3Q 2023).
• Net income: RM86.0m (down 4.7% from 3Q 2023).
• Profit margin: 8.3% (down from 9.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.02 (down from RM0.021 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

KPJ Healthcare Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Healthcare industry in Malaysia.

Performance of the Malaysian Healthcare industry.

The company's shares are up 7.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on KPJ Healthcare Berhad's balance sheet.

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