Published:
Praram 9 Hospital net profit projected to rise 45% to $6.2m in Q2
The growth is attributed to a continued increase in foreign patient inflows.
Thailand’s Praram 9 Hospital (PR9) is projected to report a net profit of $6.2m (THB202m) for the second quarter of the year (Q2), representing a 45% year-on-year (YoY) increase, according to CGS International.
The growth is attributed to a continued increase in foreign patient inflows, particularly from the Middle East, which is expected to drive strong topline growth of 16% YoY in Q2.
EBITDA margins are forecast to improve to 25.6%, up from 22.4% in the same quarter last year, but slightly lower than the 26.0% recorded in Q1.
THB1 = $0.031
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