Bumrungrad Hospital Public Company Limited (SET: BH) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss)
Million Baht |
1,931.79 | 1,747.83 |
| Earning Per Share
(Baht) |
2.4300 | 2.2000 |
| % Change | 10.53 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
3,916.62 | 3,331.19 |
| Earning Per Share (Baht) | 4.9300 | 4.1900 |
| % Change | 17.57 | |
BH reported a total revenue in 2Q24 of Baht 6,331 million, a 3.0% increase from Baht 6,147 million in 2Q23. Net profit for 2Q24 increased by 10.5% to Baht 1,932 million from Baht 1,748 million in 2Q23, with net profit margin at 30.5% in 2Q24, compared to 28.4% in 2Q23.
The company reported revenues from hospital operations of Baht 6,282 million in 2Q24, a 4.2% increase year-over-year from Baht 6,029 million in 2Q23.
This was mostly due to an increase in revenues from non-Thai and Thai patients by 5.4% and 2.0%, respectively. As a result, the revenue contribution from Thai patients was 34.1%, whereas revenue from non-Thai patients was 65.9% in 2Q24 compared with 34.8% and 65.2%, respectively, in 2Q23.
EBITDA increased by 7.6% year-over-year to Baht 2,577 million in 2Q24 from Baht 2,394 million in 2Q23, with an EBITDA margin of 40.7% in 2Q24 compared to 38.9% in 2Q23.
As for 1H24, total revenues increased to Baht 12,901 million, or 5.4% increase from Baht 12,235 million in 1H23. Net profit for 1H24 increased by 17.6% to Baht 3,917 million from Baht 3,331 million in 1H23, with net profit margin at 30.4% in 1H24 compared to 27.2% in 1H23.
Revenues from hospital operations stood at Baht 12,798 million in 1H24, a 6.0% increase year-over-year from Baht 12,079 million in 1H23.
This was mostly due to an increase in revenues from non-Thai patients and Thai patients by 6.2% and 5.4%, respectively. As a result, the revenue contribution from Thai patients was 33.8%, whereas revenue from non-Thai patients was 66.2% in 1H24 compared with 33.9% and 66.1%, respectively, in 1H23.
EBITDA in 1H24 increased by 14.4% year-over-year to Baht 5,254 million from Baht 4,594 million in 1H23, with an EBITDA margin of 40.7% in 1H24 compared to 37.5% in 1H23.
