RPH’s 2Q Profit Falls 4% from Depreciation, Expenses, and Post-Employment Benefits

Ratchaphruek Hospital Public Company Limited (RPH) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

The net profit of RPH in the 2Q2019 was THB 16.56 million, decreased 4.10% YoY. The higher ratio on a period-on-period basis was attributable to RPH having some costs in depreciation, utility expenses, and the PPH recognized the additional post-employment benefit liabilities in the statement of financial position and the past service costs from the plan amendment as expenses in the amount of Baht 3.29 million.

RPH booked a net profit of THB 36.31 million and THB 47.24 million in the six months period ended June 30, 2018, and the six-month period ended June 30, 2019, respectively. The result suggests that the RPH’s six-month period ended June 30, 2019, net profits increased by 30.08% on a period-on-period basis; this increase was related mainly to an increase in revenues. The net profit to revenue ratios stood at 16.20% and 11.75% in the six-month period ended June 30, 2018, and the six-month period ended June 30, 2019, respectively. 

The period-on-period decrease in net profit to revenue ratio was because of increasing in depreciation to revenue ratio that stood at 2.60% and 10.53% in the six-month period ended June 30, 2018, and the six-month period ended June 30, 2019, respectively. Moreover, RPH recognized the additional post-employment benefit liabilities in the statement of financial position and the past service costs from the plan amendment as expenses in the amount of Baht 4.62 million.