HEALTHCARE | Staff Reporter, Thailand

Bumrungrad Hospital's profits up 12% to US$28.8m

Thanks to an influx of returning patients.

Despite the low season, Bumrungrad Hospital’s ability to maintain strong margins led to a 12% earnings growth in 2Q17,k according to UOB Kay Hian.

The good earnings growth is set to continue as the industry has entered the high season and Bumrungrad Hospital is seeing more returning patients.

Here's more from UOB Kay Hian:

Bumrungrad Hospital reported a 2Q17 net profit of Bt960m (US$28.8m), up 12% yoy, 6% higher than UOB Kay Hian's forecast and in line with consensus forecast.

The good results reflect Bumrungrad Hospital's effective cost control and efforts to focus on intensity cases. 2Q17 sales increased 2% yoy to Bt4.4b on improving revenue from the Thai (+4% yoy) and international (+2% yoy) patient segments.

In 2Q17, the revenue split between Thai and international patients was at 36:64, the same as in 2Q16. 2Q17’s EBITDA margin increased nicely to 33% compared with 31% in 2Q16.  

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