KUALA LUMPUR (Feb 21): KPJ Healthcare Bhd's fourth quarter net profit rose 91% to RM52.19 million from a year earlier on higher income from its Malaysian, Indonesian and Australian operations. In a statement to Bursa Malaysia today, hospital operator KPJ said net profit rose to RM52.19 million in the fourth quarter ended Dec 31, 2016 from RM27.29 million. For the full year, KPJ said group net profit rose to RM149.2 million from RM135.33 million a year earlier. Looking ahead, KPJ said its new hospitals were seen curbing revenue growth due to these entities' gestation. At the noon market break today, KPJ shares fell 1 sen or 0.25% to RM3.99, giving it a market capitalisation of RM4.18 billion.

Source: The Edge Markets February 21, 2017 05:37 UTC