JAKARTA. PT Pan Brothers Tbk (PBRX) recorded that the company's operating profit for this year was US$ 30.04 million as of September, 37.31 percent higher than the number recorded during the same period last year of US $ 21.88 million.
Anne Patricia Sutanto, Vice President Director of PBRX, said that the increase of operating profit was caused, among other factors, by the growth of the company's sales that reached 10.56%. As of September, PBRX's sales were recorded at US$ 447.05 million, while in the same period the previous year PBRX only recorded total sales of US $ 404.34 million. This year's gross profit rose by 10.92% from US$ 55.98 million last year, to US$ 62.10 million.
Sutanto said that PBRX's financial performance showed a significant growth trend. "Sales experience an increase in 2016, 2017 and 2018," said Sutanto. "Gross profit rose because sales rose," he added.
PBRX expects to increase its sales by 10% compared to its 2017 number. At the end of 2017, PBRX sales were recorded at US$ 549 million, so the company must increase its sales by US$ 604,296 later this year to pursue the 10% growth target. (KR/AR)