JAKARTA. PT Trisula Textile Industries Tbk (BELL), a textile and finished fashion product provider, recorded net profit of IDR 6.6 billion in Q1 2024

BELL’s net profit in Q1 2024 grew 62% year-on-year (yoy) from the same quarter in 2023, in which the company only scored net profit of IDR 4.1 billion.

BELL’s net profit increase in Q1 2024 went in line with the company’s sales growth that reached IDR 135.5 billion. The company’s sales in this period increased 22% yoy from IDR 111.4 billion.

Most of BELL’s sales were contributed by manufacturing business line, which generated IDR 74.8 billion. Meanwhile, net sales from retail business line reached IDR 47.3 billion. The performance of both business lines grew 32% and 39% yoy, respectively.

Based on geographical region, BELL relied on domestic market in Q1 2024. Domestic market sales covered 95% of total sales, while exports only generated 5%.

“We are excited with our solid domestic sales in Q1 2024,” Karsongo Wongso Djaja, President Director of BELL, mentioned in the press release.

Until the end of this year, BELL aims for revenue and net profit growth of up to 15%. The target will be able to attained with the optimisation of the potential of integrated chain supply, as well as riding and boosting the momentum of online sales. (KR/ZH)