TRIS aims to end 2022 with over 25% net profit growth
JAKARTA – PT Trisula International Tbk (TRIS), an apparel provider specializing in the textile and garment sector, is eyeing over 30% growth in revenue, as well as over 25% increment in its net profit in 2022.
TRIS confidently sets this projection after considering its continuous rise in its performance. According to the press release issued earlier this week (10/1), at the end of Q3 2022, TRIS booked IDR 27.91 billion of current year’s net profit, massively proliferating from IDR 4.04 billion in September 2021. The increase also coincided with 35% year-on-year (yoy) growth in sales from IDR 770.85 billion to IDR 1.04 trillion.
The company relied heavily on its exports, covering 68% of total revenue with IDR 711.92 billion of sales in Q3 2022. It increased 45% yoy, as did its domestic market sales of 19% yoy to IDR 332.49 billion.
For the next step, it will attempt to gain traction in the domestic market through reinforcing offline and online marketing, including Yukshopping.com, an e-commerce platform that is designed specifically for selling Trisula Group’s products. (ZH)