Bumrungrad Hospital Reports 30% Rise in 3Q23 Earnings to THB1.95 Billion

Bumrungrad Hospital Public Company Limited (SET: BH) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q23 3Q22
Net Profit (Loss)
Million Baht
1,954.43 1,501.34
Earning Per Share
2.4600 1.8900
% Change 30.18
9 Months 2023 2022
Net Profit (Loss)
Million Baht
5,285.62 3,392.33
Earning Per Share (Baht) 6.6500 4.2700
% Change 55.81

BH reported total revenues in 3Q23 of Baht 6,775 million, an 18.0% increase from Baht 5,740 million in 3Q22. Net profit for 3Q23 increased by 30.2% to Baht 1,954 million from Baht 1,501 million in 3Q22, with net profit margin at 28.8% in 3Q23, compared to 26.2% in 3Q22.

BH reported revenues from hospital operations of Baht 6,720 million in 3Q23, a 18.5% increase year-over-year from Baht 5,673 million in 3Q22. This was mostly due to an increase in revenues from Thai and non-Thai patients by 20.2% and 17.6%, respectively. As a result, the revenue contribution from Thai patients was 33.1%, whereas revenue from non-Thai patients was 66.9% for 3Q23 compared with 32.6% and 67.4%, respectively, for 3Q22.

When compared with 3Q19, in order to gauge the performance of the current quarter to pre-covid levels, 3Q23 total revenues and net profit increased by 42.4% and 85.2%, respectively, from 3Q19. Net profit margin rose to 28.8% in 3Q23, compared to 22.2% in 3Q19.