BH Reports Flat Growth in 3Q24 with THB1.9 Billion of Net Profit

Bumrungrad Hospital Public Company Limited (SET: BH) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 3Q24 3Q23
Net Profit (Loss)

Million Baht

1,955.14 1,954.43
Earning Per Share

(Baht)

2.4600 2.4600
% Change 0.04
9 Months 2024 2023
Net Profit (Loss)

Million Baht

5,871.77 5,285.62
Earning Per Share (Baht) 7.3900 6.6500
% Change 11.09

 

BH reported a net profit in 3Q24 of Baht 1,955 million, slightly up from Baht 1,954 million in 3Q23, resulting in a Net profit margin of 30.3% for 3Q24, compared to 28.8% in 3Q23. Total revenues stood at Baht 6,447 million, a 4.9% decrease from Baht 6,775 million in 3Q23.

The company reported revenues from hospital operations of Baht 6,384 million in 3Q24, a 5.0% decrease year-over-year from Baht 6,720 million in 3Q23. This was mostly due to a decrease in revenues from non-Thai and Thai patients by 6.8% and 1.4%, respectively. As a result, the revenue contribution from Thai patients was 34.3%, whereas revenue from non-Thai patients was 65.7% in 3Q24 compared with 33.1% and 66.9%, respectively, in 3Q23.

Cost of hospital operations (including depreciation and amortization) was at Baht 3,089 million in 3Q24, reflecting an 8.4% decrease from Baht 3,371 million in 3Q23. This represented a favorable change compared to the 5.0% decrease in revenues from hospital operations, leading to a reduction in the percentage of cost to revenues from hospital operations to 48.4% in 3Q24 from 50.2% in 3Q23.