BDMS Earnings Jump 83% to THB2.6 Billion in 2Q on Higher Operating Income

Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) has announced its consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
2,664 1,452
Earning Per Share
0.17 0.09
% Change 83
6 Months 2022 2021
Net Profit (Loss)
Million Baht
6,107 2,791
Earning Per Share (Baht) 0.38 0.18
% Change 119

In 2Q22, BDMS reported a net profit of Baht 2,664 million, increased by 83% YoY due to higher operating income and continued cost saving program.

The company had consolidated operating income of Baht 21,981 million, an increase of 26% from 2Q21. Key drivers were from higher hospital revenues of 18% YoY from Thai patients and 69% YoY from international patients. The key growth drivers for Thai patient revenues were from a return of non COVID-19 patients. In terms of international patient revenues, the strong growth was from a recovery of fly-in patients. These supporting factors helped increase the overall occupancy rate from 60% in 2Q21 to 69% in 2Q22. 

Meanwhile, net profit for six-month period ended 30 June was Baht 6,107 million, increased by 119% YoY.