Chularat Hospital’s net profit set to increase by 17% in Q2

Revenue is projected to witness an 11% growth amidst additional capacities.

Thailand-based Chularat Hospital’s (CHG) net profit is projected to rise by 17% year-on-year (YoY) to approximately $6.8m (THB241m) for Q2 2024 on the back of its expanded capacity.

The group’s additional capacities are expected to increase the quarter’s revenue by 11% YoY, according to CGS International.

The group plans to add over 800 beds betweenFY2024-2028.

One downside is that the increase could be a cause concern, as the new capacities may potentially take some time to break even.

“However, most of the increase is in the form of brownfield expansion, said management, with only one greenfield hospital. As such, we believe the impact of new capacities will not be severe unless the exercises take place close to each other in terms of timing,” CGS International said.

(THB1 = $0.028)