Employee Reporter
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Thailand
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However, its profitability is unlikely to reach the level of fiscal 23.
Ramkhamhaeng Hospital (RAM) is expected to see its share of profits earned from its FY25 employees, according to a report from CGS International.
RAM's profit share from Associates is estimated to recover to $15 million, while it is expected to grow further to $15.5 million in fiscal 26.
This recovery is expected to drive hospital net profit growth during the period 25-26.
“However, we believe that the share of profits RAM has obtained from colleagues has not yet returned to FY23 levels, because after recent developments, we do not want the profitability of Thonburi Healthcare Group (THG) to normalize in FY255,” the report said.
In fiscal 24, the hospital dropped sharply from colleagues' share of profits to $1.7 million from $21 million.
The decline was mainly attributed to its holdings in THG, which reported net losses due to impairment and expected credit losses.
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