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THG expects yearly revenue growth to top 15 per cent

Sep 30. 2019
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Thonburi Healthcare Group Plc (THG) is projecting total revenue growth this year of 15-20 per cent above Bt7.094 billion from last year, its board vice chairman Tanatip Suppradit has said.

The group reached total revenue of Bt3.881 billion in the first half of this year, up 15.6 per cent year on year.

He added that THG has focused for increased revenue from its medical service business, which is already its main revenue contributor, expecting second-half revenues to exceed those of the first six months.

Two additional hospitals are scheduled to open in the fourth quarter this year – Thonburi Thungsong in Nakon Si Thammarat and Thonburi Burana Hospital. 

THG’s revenues are from medical services, healthcare solutions and other businesses. 

He added that newer THG hospitals, that opened in the past few years are showing improving performance. Among them is Thonburi Bamrungmuang Hospital, which was officially opened in January 2019 to serve premium customers and the medical tourism sector.

The Ar Yu International hospital in Yangon, Myanmar which is 40 per cent owned by THG, has seen a steady growth in patient number. The hospital was opened in March this year.

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