Nov 25, 2011

PBRX scouts US$325 mio revenue

Textile manufacturer PT Pan Brothers Tbk (PBRX) is scouting a US$325 million revenue next year, signaling a 30% growth from its target of US$250 million this year. Net profit is targeted to reach 4.9% of the revenue.
Anne P. Sutanto, Pan Brothers's Vice President Director, said to meet the target, as quoted by Kontan today, the company will be fully backed up by several actions such as adding production facilities, which are now about 13,250 units. Pan Brothers expects to have 25,000 units in 2015. 
Pan Brothers also intends to construct two production facilities at Boyolalu, Central Java, with size of 7,000 square meter and 5,000 square meter.
With those additional machines, Pan Brothers' capacity will augment 15% in 2012 from the current capacity. The company will use proceed from the rights issue to finance those expansion.

Disclosure: No position at the stock mentioned above.

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