SAFE Fertility Group Reports Record Profits in Fiscal Year 2023

SAFE opens its fiscal year 2023 budget. The parent company’s profit is 201.83 million baht, an increase of 24.66%, setting a new high after COVID-19. The total income is 856.96 million baht, an increase of 17.50% The board approves the payment of cash dividends at a rate of 0.15 baht / share, up XD on date. 7 May 2024 Big Boss “Dr. Wiwat Kwangkananurak” is confident that the results of 2024 will grow exponentially, benefiting from the “Year of the Dragon” and the demand of infertile people skyrocketing. According to the beliefs of the people of China Income is expected to grow by about 25% by appointment.

Dr Wiwat Kwangkananurak A doctor who specializes in the treatment of infertility using medically assisted reproductive technology. As CEO of Safe Fertility Group Public Company Limited (SAFE), he revealed that the company’s operating results in 2023 had a profit attributable to the parent company of 201.83 million baht, an increase of 39.92 million baht or 24.66%, from set a new Peak after COVID-19. Total income was 856.96 million baht, an increase of 127.64 million baht or 17.50% compared to the same period last year with a total income of 729.32 million baht.

The factor supporting the increase in the Company’s income and profit comes from increased income from infertility treatment services due to an increase in the number of egg collection cycles (treatment cycle), especially for foreign patients. and income from genetic testing services for embryos and fetuses that is growing as the IVF business continues to expand It also increases the chances of pregnancy and the fertility of the child born. In addition, the meeting of the Company’s Board of Directors on February 22, 2024 decided to approve the payment of dividends for the operating results of 2023. In cash at a rate of 0.15 baht / share, XD was signed on May 7, 2024, payment scheduled for May 24, 2024.

In terms of this year’s operational plan, SAFE will focus on creating continuous growth in all business groups, including joint ventures with hospitals at home and abroad. To open a clinic for infertility treatment and provide laboratory services (Lab Outsource) and is in the process of negotiating to jointly invest in a business that expands on the current business in the beauty business. The Company expects to create more synergy and increase future growth And this year the company has set a growth target of around 25%.

The CEO of SAFE also said that of the recovery of the economy at home and abroad. Market content has important positive factors. Because 2024 will be the “Year of the Dragon” in the Chinese calendar, it is believed that children born this year will bring good fortune to the family. Brave and intelligent Including free visa measures To promote Thai tourism to tourists from China, Kazakhstan, India and Taiwan, it will help encourage more foreigners to come and use infertility treatment services in Thailand. This will support the company’s performance to grow excellently as planned.

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