MIKA – A IDR1 tn capex allocation in 2024

MIKA – A IDR1 tn capex allocation in 2024 Mitra Keluarga Karyasehat (MIKA) has allocated around IDR800 bn – IDR1 tn for 2024' capex, which the company will be use for building 3 new hospitals in various regions and expects those hospitals to start operating in 2025. At the end of last year, MIKA has opened 3 new hospitals; Mitra Keluarga Grand Wisata Hospital in Bekasi with a capacity of around 200 beds, Mitra Keluarga Pamulang Hospital and Mitra Keluarga Slawi Hospital. MIKA plans to gradually add around 200-300 beds' capacity in its existing hospitals. This year, MIKA targets around 12.5-15% yoy revenue growth, with around 36-37% EBITDA margin. Note that, MIKA' 9M23 revenue grew 2.73% yoy to IDR3.15 tn, but its net profit declined 7.80% yoy to IDR686.1 bn. (Source : Kontan)