PT Trisula Textile Industries Tbk (“BELL”), a publicly listed company providing quality fabrics, uniforms and fashion, managed to increase sales by 16.7% to IDR 237.4 billion in Semester I-2023. In addition, the Company managed to record a net profit of IDR 10.2 billion or an increase of 47.5% (YoY) in 1H23. This achievement was disclosed in their newly published financial report today. The high increase in net profit was partly due to the Eid al-Fitr moment that occurred in the second quarter of 2023. The BELL Retail segment, which carries the JOBB and Jack Nicklaus brands, managed to record sales of IDR 81.3 billion, an increase of 36.8% YoY in 1H23 or 39.3% QoQ in 2Q23.
BELL is able to maintain Operational Excellence by continuously improving operational efficiency. This can be seen in BELL's gross profit margin for 1H23 which was recorded at 32.6%, an increase compared to 1H22 at 31.3%. In terms of nominal, BELL's gross profit also grew by 21.8% YoY to IDR 77.4 billion.
In addition, the operating profit margin increased during 1H23 at 7.8%, compared to 7.5% achieved in 1H22. In nominal terms, operating profit in 1H23 also increased by 21.1% to IDR 18.5 billion. In terms of net profit margin, there was an increase in 1H23 at 4.3%, an increase compared to 1H22 at 3.4%.
Karsongno Wongso Djaja, as the Main Director of BELL explained, "The Operational Excellence approach that we apply is the key to success. We can manufacture custom fabrics and produce fabrics according to customer requirements while still generating higher profit margins than standard fabrics.
In the long term, we hope that this strategy will result in Sustainable Growth.
”As one of the largest textile manufacturers, BELL has state-of-the-art textile machinery that can improve operational cost efficiency and a trained workforce that also adds value to the products it produces.
However, the Company also pays attention to Environmental, Social and Governance (ESG) aspects, including through their Waste Water Treatment Plant (IPAL), where 50% of waste water is reused in the production process. For this effort BELL was awarded the level 5 Green Industry Award and the INDI 4.0 award from the Ministry of Industry in 2022.
BELL plans to open 14 new sales points in 2023, especially after receiving a positive sales response at the Eid al-Fitr celebration in the second quarter.
About PT Trisula Textile Industries Tbk:
PT Trisula Textile Industries Tbk ("Company") is a company engaged in the textile industry and trade located in Cimahi City, West Java. The company strengthened capital through the sale of shares to the public and became a public company in 2017 with the BELL issuer code.
The Company's main products are fabrics made of 100% polyester and its combination with rayon and cotton, which are well known at home and abroad under various brands including Bellini and Caterina. The Company's finished products in the form of cloth and uniforms are distributed through the Subsidiaries' distribution network. The company also has a retail apparel business under the JOBB & Jack Nicklaus brand. In addition, currently the Company is diversifying its products in the form of Healthy Fabrics for folding jackets, as well as trading PPE hazmat suits and non-medical masks.
Until now, the Company has various trademarks for fabric products, apparel and others. The quality of each product and trademark is continuously maintained and even improved in quality, in line with the implementation of responsible and environmentally friendly business activities.
