Lippo Group's hospital, PT Siloam Hospitals Tbk, recorded revenue of Rp9.38 trillion with a net profit of Rp674.12 billion throughout 2021. The company successfully increased its net profit by 480% compared to 2020.
Meanwhile, Siloam's revenue also increased by 32% from Rp7.11 trillion in 2020. The company's revenue consisted of specialist revenue of Rp1.75 trillion and non-specialist revenue of Rp7.64 trillion in 2021.
Siloam has recorded increased revenue since the Covid-19 pandemic. The company also managed to turn its 2019 loss into a profit in 2020.
Siloam's revenue has continued to increase annually over the past five years. Revenue was recorded at Rp5.31 trillion in 2017, Rp5.96 trillion in 2018, Rp7.02 trillion in 2019, and Rp7.11 trillion in 2020.
Furthermore, the company recorded a profit of Rp93.57 billion in 2017, which decreased to Rp16.18 billion in 2018. In 2019, the company recorded a loss of Rp338.77 billion.