Pan Brothers’s Profit Decrease

Pan Brothers, Tbk (PBRX IJ), is one of the largest garment manufacturers in Indonesia, reported its profit worth USD4.47mn in 1H2017, or lower than same period last year USD6.81mn. The decrease of the profit was influenced from the increase of cost of good sold, and selling expenses. During 1H2017, company’s cost of good sold and selling expenses worth USD209mn and USD6.43mn respectively, compare to same period last year USD191.10mn and USD5.12mn respectively. Consequences of expenses’s increasing, made an impact to company’s income before tax. Pan Brothers’s income before tax USD5.32mn in 1H2017, or lower than same period last year USD7.96mn. In 1H2017, company’s profit worth USD4.47mn, compare to same period last year USD6.81mn. On the other hand, company’s revenue worth USD241.65mn and USD218.76mn during that period.

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