FINANCIAL PERFORMANCE
In line with our expansion, the Group’s revenue
increased by 13% from RM2.33 billion in 2013 to
RM2.64 billion. Most of the expansion took place in
Malaysia, primarily by the hospitals which continued
to be our most significant revenue contributor,
making up 90% of the total. Growth in revenue among
our Malaysian hospitals increased by 15% from
RM2.05 billion in 2013 to RM2.36 billion.
The second highest contributor to Group revenue
was Ancillary Services, Corporate and Others,
which recorded a 3% increase in revenue from
RM742.0 million in 2013 to RM760.6 million. This was
driven mainly from sales of pharmaceuticals, medical
and surgical products, as well as from pathology and
laboratory services, all of which increased in line with
the increase in the number of patients.
Our Indonesian segment achieved a notable 19%
increase in revenue from RM33.5 million in 2013 to
RM39.7 million as a result of heightened activities in
both hospitals in Jakarta; while Jeta Gardens, our
aged care facility in Australia, made steady progress
to record revenue growth of 5%, from RM28.0 million
to RM29.5 million in 2014.
The year 2014 had, in fact, started off on a very
positive note, with KPJ completing the acquisition of
Menara 238 in February 2014, for a total cost of
RM212 million, funded primarily by external
borrowings and internal generated funds. Menara 238
houses the Group’s corporate office with excellent
facilities for conference, meeting and recreational
activities that cater to all the needs of managers and
executives in the Headquarters. Subsequent to the
acquisition of the building, serious efforts have been
dedicated to occupy the office and retail space with
tenants. By the end of 2014, close to 75% of the total
lettable area was successfully occupied. This has
provided the Group with extra revenue and relief to
the much needed space at the hospitals which the
Headquarters of KPJ used to occupy.
KPJ has also grown its network, with the opening of
two new hospitals during the year, in tandem with our
five-year plan, and launched a new aged care facility
as well as a rehabilitation centre in Kuala Lumpur. In
order to deliver quality healthcare to our patients, we
have and will continue to invest in cutting-edge
medical and IT technologies as well as in our people.
Most importantly, the Group has not just grown in
size and performance but also further improved the
quality of service and patient care through various
initiatives to ensure the safety, comfort and holistic
well-being of our patients. We place great importance
in nurturing a culture in which patients feel totally at
home with us. This key focus is reflected in the
theme of our 2014 annual report, which underlines
our commitment to being the Preferred Provider of
Healthcare Services.
018
KPJ Healthcare Berhad annual report
2014
