Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Year | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
14,375.27 | 12,606.20 |
| Earning Per Share (Baht) |
0.9000 | 0.7900 |
| % Change | 14.03 | |
BDMS reported a net profit of Baht 14,375 million in 2023, increased 14% from 2022.
In 2023, total operating income was Baht 102,110 million, an increase of Baht 9,143 million or increased by 10% YoY, primarily due to revenue from hospital business.
Revenues from hospital operations were Baht 97,077 million, an increase of Baht 8,542 million or increased by 10% YoY mainly from growth of COE of 11% YoY together with an increase in international patient revenues of 23% YoY, driven mainly by an increase of patients from Qatar 85% YoY, China 45% YoY and UAE 43% YoY. Moreover, Thai patient revenues grew 6% YoY despite additional revenues related to COVID-19 last year. If excluding COVID-19 revenue, which contributed 10% of hospital revenues in 2022, Thai-non COVID-19 revenues would increase 22% YoY in 2023.
Revenue proportion between Thai and international patients changed from 76%:24% in 2022 to 73%:27% in 2023.
Both hospital in Bangkok & vicinity and hospital outside Bangkok increased 8% and 12% YoY, respectively. Hospital operations outside Bangkok provided higher growth due to medical tourists rebound in Pattaya and Phuket together with seasonal epidemics.
The occupancy rate decreased from 73% in 2022 to 69% in 2023 due to sharp decline in admission of COVID-19 patients.
In addition, the company announced a dividend payment of THB0.35 per share to be paid on 22 April 2024. The ex-dividend date is 6 March 2024.
