Omni Hospitals, owned by the Emtek Group, reports losses in the first half of 2022.
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PT Sarana Meditama Hospitals Metropolitan Tbk, which operates Omni Hospitals, recorded a net loss in the first half of 2022. This net loss was due to a decrease in revenue while expenses increased.
This Emtek Group subsidiary recorded service revenue of Rp637.91 billion. This revenue decreased slightly by 1.53% (year-on-year/yoy) from Rp647.89 billion.
While revenue fell, cost of revenue increased by 26.2% (yoy) to Rp432.53 billion. Selling expenses also swelled by 208% (yoy), and general and administrative expenses increased by 32.1% (yoy).
The company recorded a net loss of Rp24.77 billion. This is in contrast to a net profit of Rp87.9 billion in the same period last year.
Since its acquisition by Emtek, the company, with the stock code SAME, owns not only Omni Hospitals but also shares in EMC Hospitals and Grha Kedoya Hospital.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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