Bangkok Chain Hospital to post ‘flat’ earnings in Q1: report

Top line is projected at $88.1b ( Bt2.9b), up 2% YoY.

Bangkok Chain Hospital (BCH) is expected to report a net profit of $9.7m (Bt319m) for the first quarter, marking a flat year-on-year (YoY) performance amidst a 36.8% quarter-on-quarter (QoQ) increase, according to a UOB Kay Hian report.

Top line is projected at $88.1b ( Bt2.9b), up 2% YoY, driven by growth in outpatient department (OPD) services.

Revenue from Thai OPD patients rose by a mid-single-digit percentage, whilst revenue from foreign patients increased by 10%.

The revenue increase is attributed largely to improved performance at hospitals that recently underwent renovations and introduced new services, notably at Kasemrad Ari.

Meanwhile, revenue from social security patients is anticipated to grow by a low-single-digit YoY.

Bt1 = $0.030