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PT Trisula International Tbk (TRIS), an issuer of integrated apparel provider engaged in the textile and garment sector, succeeded in achieving improved performance in the first half of 2022. TRIS achieved a high net profit increase in the first six months of this year, compared to the same period last year.
 Based on the Company's financial statements, TRIS' net profit in the first semester of 2022 was Rp30.2 billion. This achievement increased significantly by 446% from semester I-2021. This soaring net profit was supported by TRIS sales which continued to rise. In the January-June 2022 period, TRIS' net sales increased by 29% year on year (YoY) to Rp661.3 billion.
Performance growth in the first six months of this year was also followed by an increase in the company's assets. TRIS' total assets as of June 30, 2022 were recorded at Rp1.14 trillion, an increase of 7.5% compared to the position on December 31, 2021. Meanwhile, TRIS' total liabilities as of June 30, 2022 were recorded at Rp461.8 billion.
“We are grateful that the Company has succeeded in recording performance growth this year. This achievement was supported by the global market recovery after the COVID-19 pandemic. Export sales experienced a significant increase this year mainly due to the increasing demand in the export market since the beginning of the year and supported by logistics and supply chains that have returned to normal. In the domestic market, the contribution of improved performance is supported by improving public purchasing power and shopping center activities which have returned to normal.” said TRIS President Director, Widjaya Djohan, Thursday (1/9).
The increase in TRIS sales was largely supported by exports, which contributed 68% of total sales. In the first semester of 2022, TRIS recorded export sales of Rp449.8 billion while domestic sales amounted to Rp211.6 billion.
TRIS recorded an increase in export sales of 48.7% YoY, while domestic sales increased by 1.2% YoY. TRIS's main export markets are the United States, Australia, New Zealand, Singapore and Japan.
TRIS has a strong export market with more than 30 years of experience in the international market, including in the procurement of garments for international retail brands and the procurement of uniforms for airlines, hotels, hospitals and public services (such as firefighters).
To increase domestic sales, the Company continues to boost digital marketing. Sales are made through various marketplaces including, an e-commerce marketplace that markets Trisula Group products such as clothing, fabrics, and domestic.
"Seeing the opportunities that are increasingly open after market activity returns to normal, we are optimistic that we can continue to improve performance, with a sales growth target of 30% and an increase in net profit of 120% until the end of 2022. In the future we will continue to look for opportunities by adding a good network in the market.
export and domestic market, accompanied by an increase in productivity, design and product quality in order to continue to increase customer confidence," concluded Widjaya.