Covid-Related Revenue Pushes BDMS 3Q21 Net Profit Higher by 40% to Record at THB2.5Bn
BDMS reported a net profit of 2,509 million baht in 3Q21, increased 39.36% YoY, mainly due to higher revenue and cost saving program.
Bangkok Dusit Medical Services Public Company Limited (BDMS) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
BDMS reported a net profit of 2,509 million baht in 3Q21, increased 39.36% from a net profit of 1,800 million baht in 3Q20. The increase in net profit was a result from higher operating income, continued cost saving program and lower finance costs.
The company reported operating income in 3Q21 at 20,158 million baht, increased 19% YoY. This was attributed by an increase in revenue from hospital operations of 17% YoY, given solid revenue growth mainly from higher Covid-19 related revenue, which accounted for 25% of revenue from hospital operations). More importantly, occupancy rate increased significantly from 48% in 3Q20 to 71% in 3Q21.
