Staff Reporter
,
Thailand
Photo from Envato
Only self-paying Kuwaiti patients have returned.
Thailand’s Bumrungrad Hospital (BH) is projected to report a net profit of $50m (Bt1.7b) for the fourth quarter of 2024 (Q4 2024), reflecting a 1.3% year-on-year (YoY) decline and a 13.1% quarter-on-quarter drop, said UOB Kay Hian.
The decline is due to weak international patient volumes, with only self-paying Kuwaiti patients—who contribute about 25% of BH’s Kuwaiti revenue—having returned.
Meanwhile, the timeline for the patient referral system of the Kuwaiti government remains uncertain.
“Despite the top-line being pressured, we still expect BH to conduct effective cost-control efforts,” UOB Kay Hian said.
“Hence, BH’s margins could remain flat YoY,” it added.
Bt1 = $0.030
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