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Thailand: Q3 profits are golden at Thai hospital operators

The quarterly figures are mostly in for the listed hospital operators in Thailand and the news is good. After a quiet second quarter the biggest operators in Q3 have seen profits grow in the high single figures, while it has been a case of double digit growth for the smaller players.

Bangkok Dusit Medical Services, the largest private hospital operator in Thailand, has reported a 9% rise in Q3 profits to Bt2.4 billion (US$73 million) on revenues that increased 7% to Bt19.5 billion.

Hospital revenue growth was driven by an increase in the number of patients and an increase in prices both in Bangkok and upcountry.

Significantly in the quarter, TRIS Rating has affirmed the company at AA minus.

Bumrungrad Hospital, the country’s second-largest listed hospital operator, has reported a 9.3% rise in net profits for the quarter to Bt1.1 billion on revenues that grew 5.5% to Bt4.9 billion.

This was mostly due to the increase in revenues from Thai and non-Thai patients by 1.9% and 8.9%, respectively.

The company reported a 5.2% rise in the cost of hospital operations for the quarter, which is favorable when compared to the 5.5% growth in revenues.  This contributed to a quarterly reduction in the percentage of cost to revenues from hospital operations from 57.2% to 57.1%.

Hospital group Bangkok Chain Hospital has reported a 24.9% rise in Q3 profits to Bt365.6 million on revenues that were up 14.1% to Bt2 billion. Results were driven by a rise in revenue from the country’s social security scheme and a 30.8% jump in revenue from universal coverage.

Hospital operator Samitivej Public Company has reported a 34% rise in net profits to Bt494 million in revenues that were up 12% to Bt2.9 billion.

The company said that the significant increase in net profits came from an increase in revenue and the number of patients.

Chularat Hospital, which operates 13 clinics and hospitals, has reported a 4.9% rise in quarterly profits to Bt168.2 million; Nonthavej Hospital has reported a 19.3% rise in Q3 profits to Bt104.5 million; and Ayutthaya-based Rajthanee Hospital has reported a 47.5% jump in profits for the quarter to Bt71.9 million.

Posted on: 13/11/2017 UTC+08:00


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