JAKARTA - PT Pan Brothers Tbk (PBRX), a garment and textile company, will allocate a capital expenditure of US$15 million or equivalent to IDR214.50 billion, with an assumption of exchange rate of IDR14,300 per US$, for next year. Anne Patricia Sutanto, Deputy President Director of PT Pan Brothers Tbk (PBRX) said this in a public exposure report quoted Friday (17/12).
"Capital expenditure will be used for automation and digitization of machine tools to boost company productivity," she said.
According to her, the company is targeting an increase in revenue next year, but the amount has not been determined because of a number of factors, for example, the smooth logistics, collectability and liquidity of the company. "In 2022, the hope is that it will rise to 1 digit high or 2-digit low top line," she said
For this year, the company expects the top line to increase slightly compared to 2020, but depending on the logistics side in December 2021. In 2020, sales were recorded at US$ 684.9 million, up from 2019 at US$ 665 million and profit of US$ 19. 4 million, up from US$ 17.1 million. (LK/LM)