Hermina Hospital Reaches IDR 473 Billion Profits In 2020, Jumping 85 Percent!

Hermina Hospital. (Photo: Doc. Hermina Hospitals)

JAKARTA - The manager of the Hermina Hospital network, PT Medikaloka Hermina Tbk recorded performance growth in 2020. The revenue and net profit of this HEAL share-coded company grew significantly.

Quoted from the financial report of Hermina Hospitals published on the Indonesia Stock Exchange (IDX) website, Wednesday, May 19, the company recorded revenues of IDR 4.41 trillion. This achievement increased by 21.65 percent compared to the 2019 performance of IDR 3.63 trillion.

This income resulted in an increase in net income for the year attributable to owners of the parent entity to IDR 473.22 billion. This achievement increased dramatically by 85.31 percent from the 2019 position of IDR 245.64 billion.

The increased income was accompanied by efficiency which caused the cost of revenue to only slightly increase to IDR 2.28 trillion compared to 2019 which amounted to IDR 2.03 trillion. Operating expenses also increased slightly to IDR 1.16 trillion from IDR 1.04 trillion.

However, the company's operating profit continued to grow to IDR 1.04 trillion from the 2019 position of IDR 583.33 billion. Thus, basic earnings per share attributable to owners of the parent entity will be IDR 159.57 from the 2019 position of IDR 85.9.

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On the other hand, the company's total liabilities were recorded at IDR 2.97 trillion, an increase from the previous year's position of IDR 2.28 trillion. The increase occurred in both types of liabilities, namely the total short-term liabilities which increased to IDR 1.47 trillion from the position of IDR 1.04 trillion.

Meanwhile, total long-term liabilities increased to IDR 1.49 trillion from IDR 1.23 trillion. Meanwhile, the company's total equity also increased to IDR 3.38 trillion from the 2019 position of IDR 2.76 trillion.

Meanwhile, the company's total assets increased significantly to IDR 6.35 trillion compared to the previous year which amounted to IDR 5.04 trillion.