Jack Nicklaus distributor issuer PT Trisula International Tbk (TRIS) agreed to distribute Rp 20.23 billion in dividends. This amount comes from the use of 31% of net profit for the 2022 financial year. This decision was approved at the Annual General Meeting of Shareholders (AGMS) today, Monday (10/4/2023). The amount of dividend distribution has also increased drastically by 268% from the previous year's dividend distribution. "The dividends distributed have shot up 268% of the dividends distributed by TRIS in 2021, namely IDR 5.5 billion and we are grateful that TRIS has recorded a good performance," said TRIS Main Director Widjaya Johan during a public expose on Monday (10/4/2023).

Even so, Widjaya said that the company would always be careful because of the challenge of economic turmoil at the global level which was the impact of the war between Russia and Ukraine.

Widjaya said TRIS is targeting sales growth of 5% compared to the results achieved in 2022. According to him, the biggest opportunities are still with the development of exports to the United States, Japan and Australia with clothing products for fashion, sports or uniforms.

"Apart from that, TRIS has also increased production capacity organically, namely by setting up an integrated system from TRIS's subsidiaries and external parties or as our outsourcer," he said.

In addition, TRIS targets production capacity growth in 2023, namely 8% to 10% of the capacity that has been carried out in 2022.

Meanwhile, TRIS recorded an increase in net sales of 36.4% throughout 2022. This textile issuer earned net sales of IDR 1.49 trillion, an increase from 2021 of IDR 1.09 trillion. This incision also encourages an increase in cost of goods sold.

Quoting the financial report published Monday (20/3/2023), TRIS's cost of goods sold as of December 2022 increased 5.74% to IDR 1.16 trillion from the previous IDR 1.09 trillion throughout 2021.

Meanwhile, the company's net profit rose 631% to Rp 34.16 billion from the previous year's Rp 4.67 billion.