Textile and garment company, PT Trisula International Tbk (TRIS) continues to benefit from increased sales in the export market. Until the third quarter of 2022, TRIS' net profit jumped by 320% year on year (YoY), which was supported by an increase in net sales during the first nine months of 2022. According to the financial statements published by the Company, until the third quarter of 2022, TRIS recorded a net profit for the year of IDR 51.65 billion, an increase from IDR 12.30 billion in the same period in 2021. Meanwhile, net profit attributable to entity owners parent company was recorded at IDR 27.91 billion as of the end of last September.
"The surge in net profit was also supported by foreign exchange gain of IDR 336 million and a decrease in financial expenses from IDR 15.27 billion in 2021 to IDR 13.72 billion in 2022," said TRIS President Director Widjaya Djohan, Wednesday (16/11).
TRIS sales were also observed to have shot up 35.48%, from the previous IDR 770.85 billion in the third quarter of 2021, to IDR 1.04 trillion. This achievement was supported by the company's export and domestic sales growth during 9M 2022.
If broken down, TRIS' export sales contributed IDR 711.92 billion or the equivalent of 68% of total sales. Where, sales to the United States, Australia, New Zealand, Singapore and Japan experienced an increase of 45% YoY. Domestic sales also grew by 19% to IDR 332.49 billion during the third quarter of this year.
Widjaya said, the performance in this period was quite special, because in the gloomy world economic situation, the Company managed to increase sales for both export and domestic markets.
"This shows that the existence of the Company in international and domestic markets is still very strong through the existing marketing network," he said.