Bumrungrad Hospital Records 25% Growth in 1Q24 from Accelerating Revenue and Margin

Bumrungrad Hospital Public Company Limited (SET: BH) has announced its 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 1Q24 1Q23
Net Profit (Loss)
Million Baht
1,984.84 1,583.37
Earning Per Share
2.5000 1.9900
% Change 25.36

BH reported a net profit of Baht 1,984 million in 1Q24, increased 25.36% from a net profit of Baht 1,583 million in 1Q23 with a net profit margin at 30.2% in 1Q24, compared to 26.0% in 1Q23.

The company reported total revenues in 1Q24 of Baht 6,576 million, an 8.0% increase from Baht 6,091 million in 1Q23. Revenues from hospital operations was Baht 6,516 million in 1Q24, a 7.7% increase year-over-year from Baht 6,050 million in 1Q23. This was mostly due to an increase in revenues from Thai and non-Thai patients by 9.0% and 7.1%, respectively. As a result, the revenue contribution from Thai patients was 33.5%, whereas revenue from non-Thai patients was 66.5% for 1Q24 compared with 33.1% and 66.9%, respectively, for 1Q23.