Siloam Hospitals, The Hospital Owned By Conglomerate Mochtar Riady Earned IDR 7.11 Trillion Revenue In 2020

Illustration. (Photo: Doc. Antara)

JAKARTA - The hospital company PT Siloam International Hospitals Tbk recorded a positive performance in 2020. The issuer coded as SILO shares turned in a profit in 2020, even though in the previous year it recorded a loss of hundreds of billions of rupiah.

Quoted from the financial report of Siloam Hospitals on the information disclosure page of the Indonesian Stock Exchange (IDX), Sunday, April 4, this hospital company owned by conglomerate Mochtar Riady posted revenues of IDR7.11 trillion in 2020.

This realization increased 1.31 percent year-on-year (yoy) compared to the 2019 achievement of IDR 7.01 trillion. The increase in revenue also raised the company's profits.

Siloam Hospitals posted profit attributable to owners of the main entity of IDR 116.16 billion in 2020 or reversed from a loss of IDR 338.77 billion in 2019. Basic earnings per share or earnings per share of SILO became IDR 71.52 in 2020, this is in reverse from the loss per share amounting to IDR 208.38 in 2019.

Siloam Hospitals' revenue contribution in 2020 consisted of outpatient income, which grew 7.85 percent yoy to IDR 3.15 trillion in 2020 from IDR 2.92 trillion previously. Meanwhile, the inpatient income contracted 3.35 percent yoy to IDR 3.95 trillion from the previous IDR 4.09 trillion.

The total assets of Siloam Hospitals grew by 8.86 percent yoy to IDR 8.42 trillion by the end of 2020. Mochtar Riady himself is the owner of the Lippo Group conglomerate and the Forbes version of the 21st richest person in Indonesia with a wealth of USD 1.38 billion or approximately IDR 19 trillion.