TRIS - PT. Trisula International Tbk

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JAKARTA - PT Trisula International Tbk (“TRIS”), an integrated apparel provider engaged in the textile and garment sector, improved its performance in the first semester of 2022. TRIS achieved a high increase of net income in the first six months of this year, compared to the same period last year.

Based on the Company’s financial statements, TRIS net income in the first semester of 2022 was IDR30.2 billion. It increased significantly by 446% from the first semester of 2021.

This soaring net income was supported by TRIS sales which continued to rise. In January-June 2022, TRIS’ net sales increased 29% year-on-year to IDR661.3 billion.

Performance growth in the first six months of this year was also followed by an increase in the company’s assets. The total assets of TRIS on June 30th 2022 at IDR1.14 trillion, an increase of 7.5% compared to December 31, 2021. Meanwhile, the total liabilities of TRIS on June 30th 2022 were IDR461.8 billion.

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 IDR449.8 billion, while domestic sales amounted to IDR211.6 billion. TRIS made an increase in export sales of 48.7% yoy, while domestic sales increased by 1.2% yoy. The main export markets for TRIS are the United States, Australia, New Zealand, Singapore, and Japan. (LM)