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ISSUER NEWS - JAKARTA. PT Siloam International Hospitals Tbk (SILO) recorded a positive performance throughout 2023, posting an increase in net profit and revenue.
According to the financial report released on Monday (25/3), SILO recorded a net profit of IDR 1.21 trillion. Siloam's net profit last year surged 73.91% year on year (YoY) compared to the previous year of IDR 696.49 billion.
SILO's net revenue reached IDR 11.19 trillion last year. This figure increased by 17.57% compared to the same period the previous year of IDR 9.51 trillion.
In detail, specialist income contributed IDR 2.52 trillion and non-specialist income was IDR 8.66 trillion. This SILO revenue was obtained from various company hospitals, such as Siloam Lippo Village Hospital, Siloam Surabaya Hospital, Siloam Denpasar Hospital, Siloam Balikpapan Hospital, and Siloam Jambi Hospital.
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Meanwhile, SILO's cost of revenue was recorded at IDR 6.73 trillion, or an increase of 12.54% compared to last year's IDR 5.98 trillion. As a result, SILO's gross profit also increased by 26.08% to IDR 4.45 trillion compared to 2022's IDR 3.53 trillion.
As of December 31, 2023, SILO's liabilities also grew to IDR 2.93 trillion compared to December 31, 2022's IDR 2.61 trillion. Then the total equity of SILO as of December 31, 2023 became IDR 8.04 trillion, up compared to December 31, 2022's IDR 7.05 trillion.
