Chularat Hospital Public Company Limited (SET: CHG) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
225.33 | 263.97 |
| Earning Per Share (Baht) |
0.0205 | 0.0240 |
| % Change | -14.64 | |
CHG’s net profit was THB 225.3 million for 1Q25, decreasing by THB 38.6 million, or 14.6% compared to 1Q25. Net profit margin decreased from 13% to 11%.
In 1Q25, the Company experienced a slowdown in revenue from hospital operations, decreasing by approximately THB 33.7 million, or 1.7% YoY, due to the contraction of revenue from general patients, as well as the revenue from Social Security scheme, while revenue from other governmental scheme (NHSO) was increased.
- Revenue from general patients decreased by 2% YoY, especially the revenue from inpatients (IPD) due to the decrease in international patients, revenue from gastric surgery and revenue from Heart Center, whereas the revenue from outpatients (OPD) was similar to that of 1Q24, reflecting the sensitivity of this revenue group to the economy and international travel situations.
- Revenue from the Social Security scheme decreased by 3% YoY. Although the number of insured persons was increased, resulting in an increase in the basic payment (capitation), coupled with the positive impact from the adjustment of the medical treatment income for 26 chronic diseases compared to the previous year, however the medical treatment income for high-cost care (AdjRW>2) declined significantly, especially from gastric and cardiac surgery.
- Revenue from other governmental schemes increased by 9% YoY, driven by the services under UCEP program (Universal Coverage for Emergency Patients or Life-threatening Emergency Illness), cancer treatment, reflecting the Company’s response to the public’s medical need, however the revenue from cardiac treatment declined.
- Other revenue decreased by THB 55.1 million from the termination of hospital management services provided to government hospitals.
Furthermore, CHG has effectively managed and controlled the hospital operating expenses, decreasing by THB 37 million, in line with the slowdown in revenue, especially the effective management of medicine and medical supplies, including medical expenses such as medical personnel expenses, medical equipment fees, and other related expenses according to the medical treatment activities.
Another important factor is the termination of the Pattaya City Hospital project, resulting in the reduction of personnel expenses in terms of the number of employees and related expenses, as well as the elimination of some fixed expenses.
