PT Pan Brothers Tbk Reports Consolidated Earnings Results for the Year Ended December 31, 2016
March 26, 2017
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PT Pan Brothers Tbk reported consolidated earnings results for the year ended December 31, 2016. For the period, the company reported sales of $482,204,159 against $418,575,192 a year ago. Profit from operations was $22,002,358 against $17,140,227 a year ago. Income before income tax was $18,281,164 against $11,494,810 a year ago. Profit was $13,286,218 against $8,621,497 a year ago. Profit for the period attributable to owners of the parent was $14,580,560 against $9,386,535 a year ago. earnings per share was $0.0023 against $0.0014 per share a year ago. Net cash used in operating activities was $35,840,726 against $26,865,028 a year ago. Payment of advance on purchase of fixed assets was $4,563,848 against $4,661,740 a year ago. Acquisitions of fixed assets was $14,001,757 against $57,215,191 a year ago.
PT Pan Brothers Tbk is an Indonesia-based garment company. The Company and its subsidiaries in the garment sector produce technical, functional and activewear for winter sports, ski clothes, jogging clothes, mountain climbing clothes, as well as clothes for activities or natural sports. Its woven garments include jackets with warm layers and light jackets, formal and casual pants, shorts, women's shirts, shirts, and others. Its cut and sewn knit garments include polo shirts, golf shirts, training jackets and pants, casual shirts, with various types of materials. It supplies its products to various brand owners, such as Uniqlo, Adidas, The North Face, Salomon, Arcteryx, J Crew, LL Bean, Macy's, Orvis, Stella Mc Cartney, Spyder, Mavic and others. The Company also produces personal protective equipment (PPE), such as various types of masks and hazmat with various types of materials that comply with medical standards. Its geographical segments include Asia, America, Europe and Others.
PT PAN BROTHERS TBK 
