Siloam Hospitals Owned By Conglomerate Mochtar Riady Raised Revenue Of IDR7.14 Trillion In The Third Quarter Of 2021

Siloam Hospitals. (Foto: Dok. Siloam Hospitals)

JAKARTA - PT Siloam Internasional Hospitals Tbk (SILO) experienced growth in performance. During the first nine months of 2021, the hospital company from the Lippo group posted a significant increase in revenue and profit.

In SILO's financial report, quoted on Friday, October 29, the hospital company owned by the conglomerate Mochtar Riady scored an annual revenue growth of up to 42.83 percent or year on year (yoy) to IDR 7.14 trillion. The income was obtained from non-specialists of IDR 5.88 trillion and specialists of IDR 1.25 trillion.

To specialist income, hospitalization contributes up to 54.20 percent or equivalent to IDR 2.19 trillion. This achievement increased 49.59 percent over the same period last year. Meanwhile, outpatients contributed up to 45.80 percent, or the equivalent of 2.69 trillion. That number also rose 43.44% psem.

Judging from its operating segment, Siloam MRCC Hospital still contributed the highest revenue of up to IDR 795.51 billion.

The growth from the top line also boosted SILO's bottom line. Until the third quarter of 2021, SILO recorded a profit for the period of IDR 531.95 billion. Whereas in the same period last year, SILO still bears a loss of up to IDR 48.79 billion.

Apart from being supported by an increase in income, the improving SILO bottom line was also driven by interest income which increased 86.14 percent yoy to IDR 13.41 billion. On the other hand, the financial burden was able to be reduced to IDR 49.57 billion from the previous IDR 127.66 billion.

For your information, Siloam Hospitals' total assets were 5.93 percent compared to the end of 2020, to IDR 8.92 trillion. Its liabilities rose 5.97 percent to IDR 2.55 trillion and its equity also rose 5.91 percent to IDR 6.37 trillion.