Bumrungrad Hospital Reports a 50% Increase in 2Q23 Earnings, Offering Dividend Payout of THB1.35

Bumrungrad Hospital Public Company Limited (SET: BH) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
1,747,83 1,165,95
Earning Per Share
2.20 1.47
% Change 49.9
6 Months 2023 2022
Net Profit (Loss)
Million Baht
3,331,19 1,890,99
Earning Per Share (Baht) 4.19 2.38
% Change 76.2

In 2Q23, BH reported a net profit of THB1,748 million, up 49.9% from THB1,166 million in 2Q22, net profit margin at 28.4%, compared to 23.5% in 2Q22. 

Total revenues in 2Q23 was THB6,147 million, a 24.1% increase from THB4,954 million in 2Q22. Compared with 2Q19, in order to gauge the performance of the current quarter to pre-covid levels, 2Q23 total revenues and net profit increased by 42.7% and 141.1%, respectively, from 2Q19. Net profit margin rose to 28.4% in 2Q23, compared to 16.8% in 2Q19.

Revenues from hospital operations was THB6,029 million in 2Q23, a 23.0% increase YoY from THB4,903 million in 2Q22. This was mostly due to an increase in revenues from non-Thai patients and Thai patients by 28.6% and 13.7%, respectively. As a result, the revenue contribution from Thai patients was 34.8%, whereas revenue from non-Thai patients was 65.2% for 2Q23 compared with 37.7% and 62.3%, respectively, for 2Q22. 

For the 6-month period, BH recorded a net profit of THB3,331 million, increasing by 76.2% from THB1,891 million in 1H22, with net profit margin at 27.2%, compared to 20.8% in 1H22.

Total revenues for 1H23 increased to THB12,235 million, or a 34.4% increase from THB9,106 million in 1H22. Compared with 1H19, 1H23 total revenues and net profit increased by 35.8% and 84.4%, respectively, from 1H19. Net profit margin rose to 27.2% in 1H23, compared to 20.1% in 1H19.

The Board of Directors approved a dividend payout of THB1.35 per share to be paid on September 6, 2023. The ex-dividend date is August 24, 2023.