Chularat Hospital net profit dips 7% to $5.6m in Q2

Gross profit margin slipped to 21.51% despite a 10% increase in revenues from hospital operations.

Chularat Hospital Public Company Limited’s net profit dropped by 7% to approximately $5.6m (THB 192.3m) in this year’s second quarter (Q2), compared to $6m (THB 206m) in Q2 2023.

The group’s gross profit margin slipped from 23.25% to 21.51% despite revenues from hospital operations increasing by 10% year-on-year to $57.9m (THB 1.99b).

The decrease is attributed to the group’s increasing hospital operating expenses from an employee compensation adjustment, a rise in medical personnel, the acquisition of medical equipment, and the additional specialised medical teams in different fields.

THB 1 = $0.029