Textile Issuers Examining Profit and Loss of a Strong Dollar

While it offers the potential for enhanced profits, there is also a need to anticipate the risks associated with increased costs for imported textile raw materials.

Ana Noviani

24 Apr 2024 - 20.56
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Textile Issuers Examining Profit and Loss of a Strong Dollar

Bisnis, JAKARTA – The depreciation of the rupiah against the US dollar brings relief to several issuers, particularly those oriented towards the export market, such as textile issuers. While it offers the potential for enhanced profits, there is also a need to anticipate the risks associated with increased costs for imported textile raw materials.

Deputy President Director of PT Pan Brothers Tbk. (PBRX) Anne Patricia Sutanto stated that PBRX, which reports its performance in US dollars, stands to benefit positively from the rupiah’s depreciation.

“We are exporters, and our revenue is in US dollars,” Anne explained to Bisnis on Monday (22/4).

Despite the potential for increased profits, she emphasized that PBRX will prioritize cost reduction efforts and seek additional profits throughout 2024. Pan Brothers will also concentrate on ensuring the availability of working capital.

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