According to its QII financial report, TNH Hospital Group Joint Stock Company recorded revenue of 158,7 billion dong, a 29% increase compared to the same period last year. In an explanation submitted to the Ho Chi Minh City Stock Exchange (HoSE), company leadership stated that this quarter's revenue increase was due to contributions from new facilities, especially TNH Viet Yen Hospital and the pharmaceutical segment.
Specifically, TNH Viet Yen Hospital's sales rose 77% to nearly 24 billion dong. Additionally, Thai Nguyen International Hospital and TNH Pho Yen also saw revenue improvements of 10% and 13% respectively.
Despite the revenue increase, TNH Hospital still reported a pre-tax loss of nearly 24,8 billion dong. Net profit attributable to parent company shareholders was a negative nearly 24 billion dong. Significantly rising costs were the reason for the company's reported loss.
According to management's explanation, the cost of goods sold in QII increased by 32%. The company recruited additional personnel for the Thai Nguyen International Hospital phase 3 and TNH Lang Son projects, leading to increased operating costs. Furthermore, financial expenses rose due to higher interest payments from the TNH Viet Yen Hospital project.
TNH Hospital, formerly Thai Nguyen International Hospital, has its headquarters in Thai Nguyen province. It is one of the prominent private hospital systems in the Northern Midlands and Mountainous region.
Established in 2014, TNH has expanded to four hospitals in Thai Nguyen, Bac Ninh, and Lang Son, employing over 1.000 personnel by the end of March this year. According to SSI Securities statistics, over 54% of the company's capital is owned by foreign investors.
For the first six months of the year, the company recorded revenue of 276 billion dong, an increase of nearly 28% compared to the same period last year. However, it incurred a loss of nearly 71 billion dong.
This year, TNH Hospital's management plans for record revenue of 836 billion dong, a 64% increase from last year, but anticipates a post-tax loss of 51 billion dong. The company operationalized Thai Nguyen International Hospital phase 3 and TNH Lang Son to supplement revenue. Nevertheless, depreciation and amortization costs are projected to rise by 31%, while interest expenses could double from the previous year, preventing the company from achieving profitability.
Trong Hieu
