President
The year 2014 presented its fair share of challenges
to corporations within the region, given an unbalanced
development in the global economy, caused mainly by
falling oil prices, which in turn affected Malaysia’s
fiscal stability. This was further exacerbated by
depreciation of the Ringgit and reduction in
Government spending which greatly influenced the
outlook of Malaysia’s businesses.
While the healthcare sector is resilient to a certain
extent to financial volatilities, other challenges were
presented in the form of intensifying competition,
changes in the regulatory environment and the rising
cost of imported goods, all of which added pressure
to the healthcare players in their quest for cost and
operational efficiencies.
Within this landscape, it gives me great pleasure to
report that KPJ Healthcare Berhad (KPJ) pulled in yet
another very encouraging year. The KPJ Group
performed remarkably well in 2014 where all
statistics and financial figures surpassed the 2013
levels.
017
KPJ Healthcare Berhad annual report
2014
&MANAGINGDIRECTOR’S STATEMENT
