Trisula International (TRIS) recorded net profit of $3.2m in Q3 of 2022

Syifa, news . 21 Nov 2022
Trisula International

Heaptalk, Jakarta — PT Trisula International Tbk (TRIS), an integrated apparel provider in the textile and garment company, continued to perform its trading in the export market this year. Until the Q3 of 2022, the company’s net income has soared up to 320% YoY, supported by the enhancement of its net sales of 35% YoY.

According to the company’s financial report, Trisula International has closed current-year earnings worth US$3.2 million, which grew from US$783,439 in a similar period in 2021. Furthermore, the company noted the attributable net income to owners of the parent entity worth US$1.7 million, climbing from US$257,431 in an equal period last year.

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Until this third quarter, the Trisula company has also recorded its sales value of US$66.3 million, compared to the former worth US$49.1 million last year. In addition, the surge in net profit was also supported by the foreign exchange gain of US$21,430 and the financial expenses diminishment from US$973,848 in 2021 to US$874,997 this year.

Responding to the fantastic company performance, the President Director of Trisula International, Widjaya Djohan, stated, “The company performance this period is incredible amid this uncertain global economy. We have also improved our export and domestic trading activities. This achievement has proved that our existence around the international and domestic markets is still robust through the existing marketing network,”

Regarding export trading activity, Trisula International’s export value has attained 68% or nearly 45.4 million of the total sales. The company has also improved its export value by up to 45% YoY to the targeted countries, including the United States, Australia, New Zealand, Singapore, and Japan. On the other hand, Trisula corporate has recorded a total of domestic sales worth USD21.2 million, enhancing 19% YoY.

“The export market demands have increased since this early year, influenced by the logistics and supply chain stability. While from the domestic market, we perceive the hike in the inflation rate has not affected public spending level in the textile and garment sector,” explained Widjaya.

As a part of the company’s strategic plan to increase domestic sales toward revenue, Trisula International would liven up digital marketing through several marketplaces, covering, the company’s e-commerce platform. The company has also expanded its online-based trading scheme to market Trisula’s products in several of Indonesia’s well-known marketplaces.