Bangkok Chain Hospital Public Company Limited (SET: BCH) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
440.70 | -403.08 |
| Earning Per Share (Baht) |
0.180 | -0.160 |
| % Change | 209.33 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
978.89 | 2,769.22 |
| Earning Per Share (Baht) |
0.39 | 1.11 |
| % Change | 64.65 | |
BCH reported a net profit of 440 million baht in 3Q23, a turnaround from a net loss of 403 million baht in 3Q22. The increase was mainly due to lower expenses during the quarter, while revenue was slightly declined from 3Q22.
The company had total revenue of 3,195.7 million baht, a decrease of (7.5)% YoY because of the revenue related to COVID-19 treatment which has significantly declined in accordance with the recovery of COVID-19 situation.
Total cost and expenses for Q3/2023 amounted to 2,567.6 million baht, a decrease of (34.8)% YoY. The main reasons were from the decrease of cost of hospital operations (COGS) of (40.4)% YoY, for example, service cost related to COVID-19. Furthermore, the distribution costs and administrative expenses (SG&A) increase by 11.8% YoY from the increase of loss on exchange rate amounting to 8.8 million baht in Q3/2022, and 53.7 million baht in Q3/2023, as well as expenses related to maintenance and renovation of buildings and medical equipment.
