MIKA – Targets 12.5%-15% yoy revenue growth and a 37.5% EBITDA margin for this year

MIKA – Targets 12.5%-15% yoy revenue growth and a 37.5% EBITDA margin for this year Mitra Keluarga Karyasehat (MIKA), a hospital operator in Indonesia, reported positive financial results for the first quarter of 2024. MIKA is optimistic about achieving its 2024 targets of 12.5%-15% yoy revenue growth and an EBITDA margin of 37.5%. The company plans to continue expanding its network of hospitals through greenfield development, with two new hospitals scheduled to break ground in 2024. MIKA is confident that this strategy will continue to drive growth, as evidenced by the success of its three new hospitals opened in 2023. These hospitals have already contributed 3% to the company's revenue. (Source: Kontan)