Pan Brothers Posts 34.3% Drop in Net Profit

Garment producer Pan Brothers (PBRX) booked net profit of US$4.47 million in first half (H1) this year, dropped 34.3% from Rp6.8 million in H1 last year. Sales increased 10% to US$241.65 million but finance costs jumped 61% to US$7.82 million from previous US$4.85 million. PBRX’s assets was US$590 million and liability amounted US$359.83 million. It has cash and cash equivalent of US$74.9 million.