Textile producer PT Pan Brothers Tbk. (PBRX) recorded an increase in revenue, but with a declining net profit throughout 2022. Pan Brothers recorded sales of US$690 million in 2022, or the equivalent of IDR 10.29 trillion (Jisdor exchange rate of IDR 14,913 per US dollar). This revenue increased slightly by 0.09 percent compared to 2021 which amounted to US $ 689.44 million. This revenue was mostly derived from export sales worth US$653.6 million, an increase on an annual basis from US$629.3 million in 2021. Meanwhile, PBRX's local sales were down 38.87 percent from US$60.51 million in 2021, to US $26.99 million in 2022. PBRX's biggest sale at this time was to Adidas Sourcing Ltd,

worth US$130.5 million. However, these sales were recorded to have decreased by 4.20 percent yoy from US$136.31 million in 2021. PBRX's next largest customer was Uniqlo with sales reaching US$71.8 million, down 0.20 percent compared to 2021 which amounted to US$71. 95 million.

PBRX's cost of goods sold decreased 0.53 percent on an annual basis, from US$611.9 million in 2021 to US$608.7 million in 2022.

Having Almost ARB, PBRX Shares Rebound Supported by Sentiment of Martua Sitorus Rights Issue of Pan Brothers (PBRX) Ends Today, Ready for Dilution PBRX's gross profit was recorded to increase to US$81.32 million at the end of 2022, from US$77.48 million at the end of 2021 .

This gross profit rose 4.97 percent on an annual basis or year on year (yoy). However, PBRX's net profit was recorded to have fallen to US$3.68 million in 2022 or the equivalent of Rp.54.92 billion. This net profit decreased by 77.18 percent compared to 2021 which amounted to US $ 16.14 million.

PBRX's profit was eroded due to an increase in financial expenses by 26.14 percent to US$23.09 million, from US$18.31 million on an annual basis. As of the end of 2022, PBRX's total assets were recorded to have increased to US$724.6 million, from US$696.62 million at the end of 2021. Meanwhile, PBRX's total liabilities decreased from US$405.41 million in 2021 to US$383.62 million in 2022.

In detail, PBRX's total short-term liabilities amounted to US$38.5 million and PBRX's long-term liabilities amounted to US$345.09 million in 2022. PBRX's total equity was recorded to have increased to US$341.01 million by the end of December 2022, from US$291. 21 million at the end of December 2021.

During today's trading, Wednesday (5/4/2023) until 15.10 WIB, PBRX shares were observed to be stagnant at a price of IDR 52 per share. The stock is moving in the 51 to 52 range this afternoon. A total of 30.67 million shares were traded with a transaction value of Rp. 1.57 billion. PBRX's market capitalization reached Rp. 1.12 trillion