3 days ago
UMedic expects rising demand for healthcare
UMediC said the government's continued focus on improving healthcare standards supports its ambitions to expand.
PETALING JAYA: UMediC Group Bhd is optimistic about its growth outlook, backed by strategic initiatives and sustained demand in the healthcare sector, including facility upgrades, medical tourism, and efforts to ease overcrowding.
In a filing with Bursa Malaysia, UMediC said the government's continued focus on improving healthcare standards supports its ambitions to expand.
'Given the Malaysian government's sustained commitment towards advancing the nation's healthcare standards, UMediC remains optimistic about its future growth trajectory,' the group said.
The group posted a 20.3% rise in net profit to RM1.9mil for its third quarter ended April 30, (3Q25), from RM1.58mil a year earlier, despite a marginal revenue dip of 0.43% to RM11.64mil due to unfavourable forex movements.
For the cumulative nine-month period (9M25), revenue fell 8.6% year-on-year to RM36.27mil while net profit slipped 5.2% to RM5.64mil.
