Bumrungrad Hospital Q4 2024 earnings to decline amidst weak int’l demand

Only self-paying Kuwaiti patients have returned.

Thailand’s Bumrungrad Hospital (BH) is projected to report a net profit of $50m (Bt1.7b) for the fourth quarter of 2024 (Q4 2024), reflecting a 1.3% year-on-year (YoY) decline and a 13.1% quarter-on-quarter drop, said UOB Kay Hian.

The decline is due to weak international patient volumes, with only self-paying Kuwaiti patients—who contribute about 25% of BH’s Kuwaiti revenue—having returned.

Meanwhile, the timeline for the patient referral system of the Kuwaiti government remains uncertain.

“Despite the top-line being pressured, we still expect BH to conduct effective cost-control efforts,” UOB Kay Hian said.

“Hence, BH’s margins could remain flat YoY,” it added.

Bt1 = $0.030