Principal Capital said the 2018 financial results with the total revenue soaring 21.7 per cent to Bt2.7 billion year-over-year while EBITDA rose 43.3 per cent to Bt369 million over the prior year.
The company also unveiled its business plan for 2019 after moving its assets into health care in SET, aiming to fully expand its investment in healthcare and increase its network to 10 hospitals during 2019 and 20 hospitals by 2023.
To achieve the growth, Principal Capital announced technology for hospital management while increasingly investing in healthcare expansion and medical capacity development in order to elevate the efficiency among its hospitals.
The company will also partner with new strategic alliances, both domestic and international, to develop senior healthcare centres in response to the ageing population.
Satit Viddayakorn, chairman of Principal Capital Public Company Limited (PRINC), said the business direction 2019 would emphasise investing more in hospital and healthcare.
Principal Capital plans to partner with its new alliances both from Thailand and abroad to join forces in developing senior care. This direction also corresponds to the government’s Healthcare 4.0 scheme aiming to make Thailand a centre for medical and health tourism.
This year, Principal Capital has reallocated its business portfolio into 85 per cent hospital business and 15 per cent real estate development and rental properties, compared to its 77/23 per cent hospital/real estate portfolio in the previous year.