According to RHB Research Institute Sdn Bhd (RHB Research) analyst, David Chong, "The 4.4 per cent q-o-q increase in net profit was on the back of a 0.7 per cent increase in revenue attributable to the increase in number of in-patients and out-patients throughout KPJ's hospital across Malaysia." The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) highlighted that the group's earnings growth was mainly contributed by its Malaysian hospitals operation in the first half of the FY12, while its Indonesian operations registered a loss of RM4.1 million in the same period. "We believe with the recent acquisition of RS Medika Permata Hijau, the Indonesian operation will continue to show improvement in the coming quarters," MIDF Research stated in its research report.