Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >> Commodities  >> Pan Brothers profits up 50 percent on rising sales
NEW UPDATES Asean Affairs  10 March 2014  

Pan Brothers profits up 50 percent on rising sales

Indonesia: Publicly listed PT Pan Brothers, one of Indonesia’s major garment manufacturers, managed a substantial boost in profits on the back of surging domestic sales and Asian exports.

Pan Brothers announced in its latest financial results published on the Indonesia Stock Exchange (IDX) website on Thursday evening that the company managed to boost its profits to US$10.45 million, or 50.79 percent higher than the $6.93 million a year before.

The profit growth was supported by an 18.53 percent year-on-year increase in its sales, which went up to $339.72 million last year, from $286.61 million in the previous year.

The publicly listed company used to produce almost entirely for European brand-name clients, but it has started to ship some of its products to the burgeoning Asian market to help cushion a slowdown in its conventional export markets.

The company has also continued to book higher sales in the domestic market, growing much faster than that of its overseas trade.

The company’s total exports rose 13.39 percent to $323.29 million last year, up from the $285.11 million it generated in the previous year. In stark contrast, its domestic sales skyrocketed by around tenfold to $16.4 million, from the $1.52 million it recorded in the previous year.

Asian countries accounted for 40 percent of Pan Brothers’ sales, followed by Europe and the US with 20 percent each. Its sales to the Asian market recorded most growth compared to other export destinations, up nearly 40 percent to $132.55 million last year, from $95.15 million in 2012, effectively replacing Europe as the company’s main market.

The company’s sales to the US went up by 25 percent year-on-year to $101.78 million, from the $88.17 million it booked in 2012. Its sales to Europe grew only by 2.19 percent to $102.69 million in 2013, compared to $100.49 million in 2012.

Its total operating expenses went up by 34.53 percent to $18.78 million last year from $13.96 million to 2013.

The company currently has four production facilities: two in Tangerang, Banten; one in Sragen and one in Boyolali, both in Central Java. The four facilities have a total production capacity of 31.2 million pieces per annum.

The facilities produce garments for global brands, such as Nike, Adidas and The North Face, as well as the company’s own brand.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                             March 10, 2014 Subsribe Now !
• Mongkutwattana hospital attack strongly condemned Subcribe: Asean Affairs Global Magazine
• Inventory index soars on low consumption
• Singapore’s air quality improves
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Feb FX reserves up $2 billion as foreign fund inflows grow
• Pan Brothers profits up 50 percent on rising sales
Asean Analysis                    March 7, 2014
• Asean Analysis March 7, 2014
Indians spent almost USD 67 million on personal care appliances in 2013: GfK
Advertise Your Brand

Asean Stock Watch    March 7, 2014
• Asean Stock Watch-March 7, 2014
The Biweekly Update
• The Biweekly Update  March 7, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand