SRIL and PBRX Issue Global Bond

Textile Stakeholders Request Strengthening Industrial Integration

Parliament Asks to Control Illegal Importation of Textiles

IKATSI Reveals Details of Import Violations

MOI Optimizes Sustainable Resources For Industrial Production

Britain Will Ban Imports From China

RPP on Industry and Trade is Less Favorable to Local

Textile Industry Optimistic Could Recover This Year

Trade Surplus, Textiles Industry Still in the Red Zone

APR Encourages Supply Chains as the Focus of the Road Map

Pakistan's Exports to Indonesia Supported by Textile Products

ARGO Optimistic Will Improve Performance in 2021

APSyFI : PLB Threatens to Eliminate US $ 8.3 Million Yarn Exports

Stake Holder : Textile Industry Needs Fundamental Changes

 

PT Trisula International Tbk (TRIS) pocketed sales in the first quarter of 2022 worth Rp 324.96 billion, an increase of 26.7% compared to the same period last year. This growth was contributed by export sales which increased 58.7% (year on year/yoy) in line with the recovery in the global economy and the company's export market demand in the United States, Australia and New Zealand. TRIS's export sales, which contributed 69% of total sales, were dominated by these three countries. The opening of social restrictions in these countries played a major role in the company's performance because there was a significant increase in demand. TRIS recorded a 69% increase in sales to the United States in the first quarter of this year, and a 31% increase in sales to Australia and Zealand .

Widjaya Djohan, President Director of TRIS, explained that TRIS's performance has begun to improve and is recovering from the impact of the Covid-19 pandemic that has been felt in the last two years. "We are optimistic that with the 2022 business planning and strategy that has been set, TRIS will be able to exceed the predetermined target for semester 1 in 2022. This is evident from TRIS which also recorded a net profit in the first quarter of 2022 of IDR 16.97 billion, an increase of 478, 3%," said Widjaya in Jakarta, Friday (3/6/2022).

Meanwhile, sales of the TRIS retail segment increased 39.7% as a direct impact of the easing of social restrictions in Indonesia, where people started shopping both online and offline. In order to take advantage of this momentum of economic recovery, TRIS through its subsidiaries will open new sales points in an effort to reach the market and improve sales performance. Although retail segment performance began to improve, total local sales recorded a decline, this was mainly contributed by a 47.0% decline in the uniform segment with delays in uniform projects in both the private and government sectors.

With the recovery of the Indonesian economy and the easing of social restrictions, it is hoped that the demand for uniform procurement will also begin to improve. "In the future, we are committed to continuing to look for opportunities and to add local and global market networks so that TRIS can improve its performance and business on an ongoing basis, by prioritizing quality products, innovation, efficiency, and customer trust," said Widjaya.