VIBHA Reports a Net Profit of ฿151mn in 1Q20, Rising by 38%

Vibhavadi Medical Center Public Company Limited (VIBHA) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

VIBHA reported a net profit of 151.05 million baht in 1Q20, increased by 37.61% when compared to a net profit of 109.76 million baht in 1Q19 mainly due to the impact of the Coronavirus (COVID-19) epidemic crisis causing the patients to decrease in the first quarter of 2020.

 

Otherwise, income from medical treatments went up 6.95% YoY due to income from Chiang Mai Ram Medical Business Plc., (CMR) amount 1,013.54 million baht, along with the cost of medical treatments decreased 5.06% due to the cost of medical treatments from CMR went down 9.00%.