PT Trisula Textile Industries Tbk (“BELL”), an issuer of quality fabrics, uniforms, and fashion, managed to record a net profit attributable to the parent company of Rp2.8 billion in Q32021, an increase of 277.2% YoY compared to the previous period. the same as last year with a net loss of Rp. 1.6 billion. This increase was driven by BELL's performance which began to recover, one of which was BELL's retail performance both online and offline which began to improve. R Nurwulan Kusumawati as BELL's Corporate Secretary said,
"The increase in the third quarter of 2021 was also supported by a decrease in finance costs for managing accounts payable and accounts receivable, inventory, and other costs which were quite effective so that BELL's cash flow operations improved quite a bit.
In addition, BELL also experienced an increase in demand from loyal customers where BELL was able to maintain its trust in the products provided to its customers."
In terms of sales, the Company is still dominated by the domestic market around 95%, however, the Company's export performance in this year's period rose 47% compared to last year's achievement. Meanwhile, for the retail segment, there was also an increase in demand for JOBB and Jack Nicklaus products.
In addition, to maintain good performance, BELL continues to strive to maintain good relations with its customers, strives to develop new products according to customer needs, and continues to pay attention to sustainable production processes, where BELL has won the ISO 14001:2015 Environmental Management System certification. , ISO 45001:2018 Occupational Health and Safety Management System, and Standard 100 by Oeko-Tex as a manifestation of BELL's commitment to ESG implementation and supporting the achievement of SDGs.
In addition, BELL also continues to strive to develop its business by following current developments where online shopping trends are starting to increase. To keep up with these developments, recently Trisula Group, which is the BELL holding group, has launched an online shopping platform, namely Yukshopping.com.
“In the future, BELL is expected to be able to open up great opportunities for BELL's business with economic conditions and activities that have started to return to normal. So with this opportunity, BELL is optimistic that it can maintain its good performance until the end of this year," concluded Nurwulan.
About PT Trisula Textile Industries Tbk
PT Trisula Textile Industries Tbk (the “Company”) is a company engaged in the textile industry and trade domiciled in Cimahi City, West Java. The Company strengthened its capital through the sale of shares to the public and became a public company in 2017 with the issuer code BELL.
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 distribution network of the Subsidiaries. The Company also owns a clothing retail business under the JOBB & Jack Nicklaus brand. In addition, the Company is currently diversifying its products in the form of Healthy Fabrics for folding jackets, as well as trading PPE for hazmat clothes and non-medical masks.
