Bumrungrad Q3 profit plunges 79% year-on-year
Bumrungrad Hospital (BH) said it earned a third-quarter profit of Bt221.52 million, a 79 per cent decrease compared to the same period in 2019 with a profit of Bt1.05 billion.
BH vice chairman Dr Chanvit Tanphiphat informed the Stock Exchange of Thailand that total revenue in the previous quarter was Bt2.94 billion, a 38.6 per cent decrease compared to the third quarter last year.
Chanvit said the decrease in earnings came from a limitation on travel by foreign customers for medical treatment during the Covid-19 crisis.
He also mentioned that the revenue earned from foreign patients in the third quarter decreased by 59.9 per cent, while earnings from domestic patients increased by 3.4 per cent. The latter accounted for 56.1 per cent of the total.
In the three quarters (nine months) of 2020, BH witnessed total profit of Bt1.031 billion, a reduction of 64 per cent compared to the first three quarters of 2019, which saw total profit of Bt2.86 billion.
Total BH earnings in the first three quarters was Bt9.61 billion, decreasing by 30.8 per cent from the same period in 2019.
