Bumrungrad Hospital’s net profit to slips 6% in Q2

The quarter’s lack of serious outbreaks has slowed down Thai patient revenue growth to 5%.

Bumrungrad Hospital (BH) in Thailand is projected to record a net profit of approximately $52m (THB1.87b) in the second quarter (Q2) of the year.

This reflects a quarter-on-quarter (QoQ) decline of 6% amidst an anticipated 7% year-on-year (YoY) growth.

According to CGS International, this drop is attributed to the lack of a serious outbreak in Bangkok for the specific quarter, thus slowing down BH’s Thai patient revenue growth to 5% YoY in Q2.

“We estimate BH’s foreign patient revenues rose 7% yoy in Q2. As such, BH’s revenues likely grew 6% YoY but fell 2% QoQ to $176.6m (THB6.4) in Q2,” the report said.

By gross margin, the hospital is expected to reach 50% in comparison to 49.6% of the previous year’s quarter (Q2 2023).