Bangkok Chain Hospital Public Company Limited (SET: BCH) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss)
Million Baht |
277.10 | 284.32 |
| Earning Per Share
(Baht) |
0.1100 | 0.1100 |
| % Change | -2.54 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
596.00 | 538.19 |
| Earning Per Share (Baht) | 0.2400 | 0.2200 |
| % Change | 10.74 | |
BCH reported a net profit in 2Q24 of THB 277.1 million, a decrease of 2.5% compared to the same period last year.
The company reported a total revenue of THB 2,879.3 million, marking a slight increase of 0.3% compared to the same period last year. This growth was driven by an increase in Thai patients seeking treatment at the medical centers within the hospital network, additional revenue from newly established hospitals, and the growth in revenue from providing services to insured persons under the Social Security program.
However, the total revenue in 2Q24 was impacted by the transition period of Kuwaiti government’s policy to refer patients abroad for treatment and the reduction in medical service fees for complex treatment (RW>2) by the Social Security Office, from 12,000 baht per RW to 7,200 baht per RW for the pending reimbursement of 2023. This reduction was due to actual reimbursements for complex cases exceeding the Social Security Office’s budget for 2023.
As for the six-month period of 2024, the company and its affiliated hospitals reported total revenue of 5,744.7 million baht, an increase of 3.2% compared to the same period last year, and net profit attributable to the Company was 596.0 million baht, reflecting a 10.7% increase compared to the same period last year.
In addition, the Board of Directors approved the interim dividend payment of THB 0.12 per share to be paid on 12 September 2024. The ex-dividend date is 29 August 2024.
