MIKA - Earnings declined 8.87% yoy in 2023

MIKA - Earnings declined 8.87% yoy in 2023 Mitra Keluarga Karyasehat' (MIKA) revenue grew 5.33% yoy to IDR4.26 tn in 2023, which IDR2.87 tn came from its inpatient' segment and IDR1.39 tn came grom its outpatient' segment. MIKA' gross profit still grew 2.45% yoy to IDR2.12 tn in 2023 amidst a 8.32% yoy higher costs. From operational side, MIKA' operating expense (opex) grew 20.12% yoy in 2023. As a result, MIKA' net profit declined 8.87% yoy to IDR916.13 bn in 2023 due to higher costs pressure. (Source: Company, KBVS)