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Siloam is optimistic that it can achieve its growth target

24 September 2019 13:51

JAKARTA. PT Siloam International Hospital Tbk (SILO) expressed optimism that it could achieve its growth target of 15% -20%. 

Head of Public Relations and Media Relations at SILO, Jimmy Rambing, said that the company had started this year with strongly. This optimistic attitude is based on the company's performance in the first semester of 2019, in which the company was able to record revenue growth of 19% (YoY) to Rp 3.37 trillion.

With that kind of revenue, SILO can record Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) growth of 34% (YoY) and also able to make a profit of Rp 10.61 billion, while in the first semester of 2018, the company experienced a net loss of Rp 21.34 billion.

Jimmy admitted that SILO's performance in the third quarter was also getting better, Jimmy said as quoted by Kontan.co.id Monday (23/9).

SILO has three payment sources; BPJS, insurance & companies, and private. Payments from the company and insurance become the main contributors to the company's total revenue (40%). (AM/AR)

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