PT Trisula International Tbk (“TRIS”), an integrated apparel provider company engaged in the textile and garment sector, is optimistic that sales in 2022 will grow above 30%. As for the acquisition of 2022 net profit, the Company estimates that it will be able to grow above 25%. This optimism is supported by the Company's performance which continues to grow positively until the end of this year. "Seeing the development of sales until the end of 2022, we are optimistic that this year's sales and net profit will grow positively, with a growth rate that will not be much different from what we have achieved until the end of September," said TRIS Main Director, Widjaya Djohan.
In the third quarter of 2022, the Company recorded a net profit for the period attributable to owners of the parent entity of IDR 27.91 billion, a significant increase compared to the same period last year of IDR 4.04 billion. Meanwhile, the Company's sales rose 35% YoY to IDR 1.04 trillion from IDR 770.85 billion.
The Company's positive performance is supported by demand for the export market which has continued to increase since the beginning of the year as logistics and supply chains return to normal after the pandemic. Until the third quarter of 2022, TRIS achieved export revenue of IDR 711.92 billion, an increase of 45% YoY. The export sales contribution reached 68% of the Company's total revenue. Meanwhile, sales in the domestic market reached IDR 332.49 billion, up 19% YoY.
The existence of loyal customers in the export market has made TRIS have a strong position among textile and garment exporters. TRIS customers in the international market originating from the United States, Australia, New Zealand, Singapore and Japan are a number of large corporations in various fields, such as aviation, health and hospitality which entrust the procurement of their uniforms to the Company. In addition, TRIS also supplies various garment products for a number of international brands.
In addition to the export market, the company also continues to increase domestic sales through offline and online marketing. For online sales, it is carried out through various market places including Yukshopping.com, an e-commerce that markets Trisula Group products such as clothing, fabrics and furniture.