BH’s 2Q20 Shrinks 94% following a Decline in Hospital Operating Revenues

Bumrungrad Hospital Public Company Limited (BH) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

 

 

For 2Q20, BH has a net profit of 44 million baht, a 93.9% decrease from 725 million baht in 2Q19 with Net profit margin at 1.8% in 2Q20, compared to 16.7% in 2Q19. Total revenues in 2Q20 was at 2,487 million baht, representing a 42.8% decrease from 2Q19 total revenues of 4,348 million baht. The decrease was mainly due to the highly disruptive impact of Covid-19 pandemic since the second half of 1Q20, including the national lockdown in Thailand and travel bans in all international countries. 

 

Revenues from hospital operations was 2,422 million baht in 2Q20, a 43.4% decrease YoY from 4,279 million baht in 2Q19. This was mostly due to a decrease in revenues from Thai patients and non-Thai patients by 13.0% and 58.9%, respectively. 

 

Meanwhile total revenues for 1H20 decreased to 6,663 million baht, or 26.6% less than 9,082 million baht in 1H19. Net profit for 1H20 decreased by 55.2% to 810 million baht from 1,806 million baht in 1H19, with net profit margin at 12.2% in 1H20 compared to 19.9% in 1H19.