MIKA continued its V-shaped recovery with a 1Q21 Revenue of IDR 1,204 Bn (up 37.6% yoy) and Net Income of IDR 374 Bn (up 69.6% yoy). Increased capacity and patient volume for Covid-19 cases have steadily support MIKA’s performance since bottoming out in 2Q20. With the pandemic expected to be more controllable, new hospital openings both through self-developed constructions and acquisitions, are expected to sustain healthy performance growth.
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