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Bt mn Revenue from hospital operations Cost of hospital operations and goods sold Gross profit SG&A Pretax profit After tax profit Net profit EPS (Bt) Percent Gross margin EBIT margin SG&A/Sales Effective tax rate Net margin 9
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1Q16 16,406 (11,061) 5,346 (3,311) 2,722 2,158 2,406 0.16 1Q16 32.6 17.9 20.2 20.7 14.7
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1Q15 YoY (%) 4Q15 QoQ (%) 14,845 10.5 15,957 2.8 (9,993) 10.7 (10,888) 1.6 4,852 10.2 5,068 5.5 (2,933) 12.9 (3,359) (1.4) 2,569 5.9 2,541 7.1 2,047 5.4 2,034 6.1 2,289 5.1 2,050 17.4 0.15 5.1 0.13 17.4 1Q15 YoY (ppts) 4Q15 QoQ (ppts) 32.7 (0.1) 31.8 0.8 19.1 (1.2) 17.7 0.2 19.8 0.4 21.1 (0.9) 20.3 0.4 19.9 0.8 15.4 (0.8) 13.6 1.1
Comment Continued sales growth
Strong bottom line
Improving margin QoQ SG&A under control
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Income Statement (Bt mn) Revenue Cost of Goods Sold Gross Profit Operating Expenses Other incomes Operating Profit Non-Operating Income Interest Income Other Non-op Income Non-Operating Expenses Interest Expense Other Non-op Expenses Net Investment Income/(Loss) Pre-tax Profit Current taxation Minorities Extraordinary items Net Profit EPS (Bt) Margins (%) Gross profit margin Operating margin Net profit margin Growth (%) Revenue growth Operating growth Net profit growth
#
Jun-14A
Sep-14A
Jun-15A
Sep-15A
10,666 (6,883) 3,783 (2,167) 2,228 3,843 3,651 (423) (76) 76 3,227 0.2
10,393 (7,047) 3,347 (2,081) 438 1,703 1,491 (331) (72) 206 1,293 0.1
11,595 (7,581) 4,014 (2,303) 451 2,162 1,932 (384) (99) 562 2,011 0.1
11,653 (7,727) 3,925 (2,417) 438 1,947 1,731 (382) (68) 125 1,406 0.1
12,007 (7,870) 4,138 (2,252) 451 2,337 2,125 (410) (79) 312 1,948 0.1
11,548 (7,912) 3,636 (2,619) 633 1,650 1,404 (256) (54) 253 1,347 0.1
12,961 (8,433) 4,528 (3,077) 543 1,994 1,747 (359) (79) 240 1,549 0.1
12,654 (8,762) 3,891 (2,601) 609 1,900 1,648 (367) (47) 183 1,417 0.1
13,440 (8,781) 4,659 (2,639) 598 2,618 2,379 (453) (98) 246 2,075 0.1
12,638 (8,614) 4,024 (2,736) 579 1,868 1,652 (324) (67) 240 1,501 0.1
13,832 (9,193) 4,639 (2,989) 664 2,314 2,086 (458) (54) 354 1,928 0.1
Dec-14A Mar-15A 14,431 (9,886) 4,546 (2,905) 811 2,452 2,159 (436) (59) 226 1,889 0.1
14,845 (9,993) 4,852 (2,933) 921 2,839 2,569 (522) (81) 323 2,289 0.1
14,117 (9,789) 4,328 (3,182) 755 1,902 1,611 (375) (61) 317 1,491 0.1
15,343 (10,459) 4,884 (3,353) 873 2,404 2,116 (460) (104) 536 2,087 0.1
Dec-15A Mar-16A 15,957 (10,888) 5,068 (3,359) 1,117 2,827 2,541 (507) (68) 84 2,050 0.1
16,406 (11,061) 5,346 (3,311) 900 2,935 2,722 (563) (89) 337 2,406 0.2
35.5 36.0 30.3
32.2 16.4 12.4
34.6 18.6 17.3
33.7 16.7 12.1
34.5 19.5 16.2
31.5 14.3 11.7
34.9 15.4 12.0
30.8 15.0 11.2
34.7 19.5 15.4
31.8 14.8 11.9
33.5 16.7 13.9
31.5 17.0 13.1
32.7 19.1 15.4
30.7 13.5 10.6
31.8 15.7 13.6
31.8 17.7 12.8
32.6 17.9 14.7
61.0 219.8 286.0
15.7 (13.0) (6.7)
15.0 12.3 58.0
22.3 40.3 57.8
12.6 (39.2) (39.6)
11.1 (3.1) 4.1
11.8 (7.7) (23.0)
8.6 (2.4) 0.8
11.9 12.0 6.5
9.4 13.2 11.4
6.7 16.0 24.5
14.0 29.1 33.3
10.5 8.4 10.3
11.7 1.8 (0.6)
10.9 3.9 8.3
10.6 15.3 8.5
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