KPJ Healthcare Berhad - Annual Report 2018

60 KPJ HEALTHCARE BERHAD PRESIDENT & MANAGING DIRECTOR’S REVIEW revenue of RM100.3 million and RM47.5 million respectively. Profit after tax for KPJ Rawang and KPJ Maharani were RM4.3 million and RM0.6 million respectively, denoting growth of more than 100% from the previous year. We view this as a significant achievement and a testament of KPJ’s ability to successfully turnaround hospitals in greenfield locations by adopting the right business model and optimal strategy. It also is indicative of the depth of our Management’s abilities in developing strong hospital leadership teams. As we continue to open new hospitals and expand our hospital network to capture greater opportunities, we are able to sustainably develop talent for our hospital leadership and management to ensure we remain on track with our long-term growth agenda. We remain committed to continue bringing on board talented and capable management and medical talent as we continue with our ongoing network expansion journey. EXPANDING AND ENHANCING OUR HOSPITAL NETWORK Armed with the requisite knowledge on how to affect successful turnarounds at new hospitals, KPJ continued our hospital network expansion strategy and opened two new hospitals in 2018. KPJ Perlis opened to the public in Kangar, in the northern-most state of Perlis, with 21 beds, six hospital services and nine specialist consultants on board. The hospital’s official launch was officiated by DYMM Raja Perlis, on 1 November 2018. In the southern-most state of Johor, we opened KPJ Bandar Dato’ Onn in Johor Bahru with 30 beds, nine hospital services and nine consultants. KPJ Selangor officialy launched on 22 December 2018 in Shah Alam. The new block was officiated by DYMM Sultan of Selangor. We further expanded the capacities of five existing hospitals by adding more beds to cater to growing demand, namely at KPJ Johor, KPJ Klang, KPJ Bandar Maharani, KPJ Pasir Gudang. In line with changing healthcare trends the Group also launched new services and centres during the year. Sabah’s first private radiotherapy and oncology centre was launched at KPJ Sabah on 9 December 2018 to provide treatment to cancer patients in the state. As well as that, we also developed new acute stroke services which we will initiate at our Klang Valley hospitals, and then rollout to other hospitals in our Group. Regionally, the Group opened three KPJ Information Centres, one in Batam, Kepulauan Riau, Indonedia; one in Palembang, Sumatera, Indonesia; and one in Dhaka, Bangladesh. This strengthens our regional presence and enhances our marketing efforts for our hospitals in Indonesia and Bangladesh. For KPJ the expansion of our hospital network and services is not just business as usual. More importantly it represents our commitment towards the development of the healthcare sector both within our home country of Malaysia, as well as within regional operations. In Malaysia, the locations of our hospitals in greenfield areas leads to expanding the access of private healthcare services to fellow Malaysians who live in suburban and rural areas. We are also involved in creating jobs in the medical sector, as well as assisting in the development of local vendors and suppliers who provide us the products and services we require to manage our hospitals efficiently. The launching of KPJ Perlis Specialist Hospital by DYMM Raja Perlis