PT Trisula International Tbk (TRIS) exports have not been affected by inflationary pressures in the United States (US). In fact, until the first half of 2022 TRIS export sales to the US market increased in line with the recovery of the retail market in the US after the Covid-19 pandemic. President Director of Trisula International, Widjaya Djohan, did not specify exactly how much sales increase occurred from the US market. However, overall, the contribution of export revenues reached 69% of TRIS' total revenue in 2022. "Export products are dominated by garment products, in the form of formal and informal garments, functional clothing and protective wear," said Widjaya, last weekend.
He continued, export sales in the first quarter of this year were dominated by the Australian and New Zealand markets, which contributed 46 percent, while the US market contributed 39 percent of Trisula's total export revenue. Meanwhile, the rest came from the Japanese, British and Singaporean markets.
"The opportunity from these countries is quite large because TRIS products have many enthusiasts, TRIS products are also essential products so that even though TRIS is in a pandemic, it can still continue to produce," he said.
To minimize the impact of the US recession on future business performance, Trisula continues to strive to develop its core business. Of course with the strategies that have been prepared to welcome the global economic recovery.
With more than 50 years of business experience in the garment & textile industry, said Widjaya, it is hoped that it will be able to continuously improve business while prioritizing quality products, innovation, efficiency, and customer trust.
On the other hand, Trisula must also remain vigilant against inflation and uncertainty in the world economy, which will have an impact on rising freight costs, including the impact of the US recession.
Until last March, TRIS recorded sales of Rp 324.96 billion, an increase of 26.7% year on year (yoy) in the first quarter of 2022. This growth was mainly contributed by export sales which increased 58.7% yoy in the first quarter of 2022.
TRIS also recorded an increase in terms of net profit. As of March 2022, TRIS's profit was recorded at Rp 8.14 billion. Significant growth compared to net profit in March last year which was Rp 1.27 billion.
