JAKARTA - PT Trisula International Tbk (TRIS), posted a total sales of IDR1.14 trillion in the 2020 financial year, with a balanced revenue contribution between export and local. The Covid-19 pandemic had a significant impact on the global and domestic economy, however, TRIS and its subsidiaries were able to maintain their existence in their market share.
Santoso Widjojo as President Director of TRIS said, “Responding to the business challenges as a result of the Covid-19 pandemic, TRIS and its subsidiaries were encouraged to diversify their products by empowering the Research and Development division to innovate products according to the market needs during the pandemic, such as Personal Protective Equipment product (hazmat suits and non-medical masks), medical personnel uniforms, and functional clothing. We market these products in local and international markets. Additionally, the Company also continued to develop sales through e-commerce channels as an effort to overcome the constraints of reduced traffic due to the Government’s Large-Scale Social Restrictions. Therefore, we believe that TRIS will be able to achieve a better performance in the future.”
As additional information, towards the end of 2020, TRIS posted a net sales of IDR1.14 trillion or decreased by 22.82% y-o-y with sales contribution from local around 50% and from export around 50%. TRIS' local sales revenue mainly came from its subsidiary, namely, PT Trisula Textile Industries Tbk (BELL), while the majority of export sales revenue was derived from its subsidiaries entities, namely PT Trisco Tailored Apparel Manufacturing and PT Trimas Sarana Garment Industry.
Even though the pandemic conditions in 2020 put a high pressure on the Company, if viewed from the Income Before Income Tax Expenses, TRIS was still able to achieve a positive result of IDR11.9 billion. (LM)