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Bumrungrad Hospital profit takes painful hit due to Covid-19 crisis


Bumrungrad Hospital announced that its profit in the second quarter of 2020 decreased by 93.9 per cent to Bt44.42 million, after being hit by a 40 per cent revenue reduction due to the Covid-19 crisis.

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Vice chairman Dr Chanvit Tanphiphat announced via the Stock Exchange of Thailand that Bumrungrad saw profit of Bt44.42 million, or Bt0.06 per share, a 93.9 per cent decrease compared to the second quarter in 2019, which saw a Bt724.98 million profit.
Bumrungrad’s total revenue in the second quarter was Bt2.487 billion, decreasing by 42.8 per cent from the same period last year due to the virus crisis. Its net profit margin was 1.8 per cent, falling from 16.7 per cent in 2019.
Revenue earned from Bumrungrad’s hospital business was Bt2.422 billion, a drop of 43.4 per cent. Of this revenue, 51.9 per cent was earned from domestic patients and 48.1 per cent from foreigners.
From January to June 2020, Bumrungrad saw profit of Bt809.62 million, or Bt1.05 per share, falling by 55.2 per cent from the first half of 2019. During the six months, total revenue amounted to Bt6.66 billion, decreasing by 26.6 per cent from Bt9.082 billion earned in 2019.
The net profit margin in the first half of 2020 was 12.2 per cent, from 19.9 per cent in the same period last year.
Bumrungrad’s dividend for the first half of 2020 was Bt1.15 per share.
Its stock price decreased by Bt4.5 to Bt106 in trading this morning (August 6).

Published : August 06, 2020

By : THE NATION