Bumrungrad Hospital’s 3Q Profit Surges over Four-Fold, Revenues Up 92%

Bumrungrad Hospital Public Company Limited (SET: BH) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
1,501 296
Earning Per Share (Baht) 1.89 0.37
% Change 407.2
6 Months 2022 2021
Net Profit (Loss)
Million Baht
3,392 604
Earning Per Share (Baht) 4.27 0.76
% Change 462

In 3Q22, BH recorded a net profit of THB1,501 million, an increase of 407.2% from a net profit of THB296 million in 3Q21, with net profit margin at 26.2%, compared to 9.9% a year earlier.. 

Total revenues were at THB5,740 million, a 92.1% increase from THB2,989 million in 3Q21. This was mostly due to an increase in revenues from non-Thai patients and Thai patients by 213.2% and 10.1%, respectively. As a result, the revenue contribution from Thai patients was 32.6%, whereas revenue from non-Thai patients was 67.4% for 3Q22 compared with 57.9% and 42.1%, respectively, for 3Q21.

For the 9-month ended September period, revenues from hospital operations were at THB14,678 million, a 72.2% increase year-over-year from THB8,522 million in 9M21. This was mostly due to an increase in revenues from non-Thai patients and Thai patients by 139.5% and 17.5%, respectively. As a result, the revenue contribution from Thai patients was 37.6%, whereas revenue from non-Thai patients was 62.4% for 9M22 compared with 55.1% and 44.9%, respectively, for 9M21.