BCH Reports THB1.4 Billion of Net Profit in 2023 with THB0.25 Dividend Payment

Bangkok Chain Hospital Public Company Limited (SET: BCH) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

1,406.36 3,038.91
Earning Per Share

(Baht)

0.5600 1.2200

 

BCH reported a net profit of 1,406.4 million baht, a decrease of 1,632.55 million baht or 53.7% compared to the same period last year.

The company’s total revenue amounted to 11,829.9 million baht, a decrease of 37.4% YoY, mainly due to a decrease in revenue from general OPD patients and revenue from the government related to COVID-19.

The number of outpatient visits declined to 1,098,000 patients, a decrease of 44.8% YoY, due to high base patient volume from COVID-19- related activities and Moderna alternative vaccines.

Moreover, following the announcement of adjusting the level of COVID-19 to communicable disease under surveillance since Q3/2022, the government canceled projects related to the medical treatment of COVID-19 patients and transitioned to providing treatment based on their basic rights.

In addition, BCH announced a dividend payment of THB 0.25 per share to be paid on 23 May 2024. The ex-dividend date is 2 May 2024.