Jul 19, 2011

Pan Brothers 1H sales increases 20%

PT Pan Brothers Tbk (PBRX) is estimated to reach a 20% increase in sales in the first half of the year from Rp650.99 billion a year earlier.
Pan Brothers Finance Director Fitri R. Hartono said the increase was contributed by the higher demand for garment products.
Referring to the increase, Pan Brothers might book Rp781.19 billion in sales in 1H 2011. The company's net profit is estimated to raise 22.61% to Rp15.62 billion from Rp12.74 billion.
Fitri said the company is focusing on the accomplishment of new factory in Central Java with estimated production capacity of 42 million pieces a year.

Disclosure: No position at the stock mentioned above.

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