TRIS Records Sales of IDR 1.49 Trillion in 2022, Up 36.69%
PT Trisula International Tbk. (TRIS) recorded a solid financial performance throughout 2022. The company successfully booked sales of IDR 1.49 trillion, an increase of 36.69% compared to IDR 1.09 trillion in 2021.
Net profit also surged by 631.47% to IDR 34.16 billion, up from IDR 4.67 billion in the previous year. Meanwhile, profit for the year rose significantly by 257.97% to IDR 64.52 billion, compared to IDR 18.02 billion in 2021.
The company, engaged in the garment and textile industry, explained that its net sales were supported by export sales of IDR 1 trillion (66.88%) and domestic sales of IDR 496.19 billion (33.12%). Along with the increase in revenue, TRIS’s cost of goods sold also rose by 33.29%, from IDR 871.20 billion in 2021 to IDR 1.16 trillion in 2022.
Furthermore, TRIS recorded total liabilities of IDR 465.78 billion, consisting of short-term liabilities of IDR 409.72 billion and long-term liabilities of IDR 56.05 billion. Meanwhile, total equity increased by 8.10% to IDR 712.02 billion in 2022. The company’s total assets stood at IDR 1.17 trillion during the same period.
Throughout 2022, TRIS continued to expand its digital marketing initiatives and strengthened its e-commerce platform, Yukshopping.com, as an online gateway for its products. The increase in sales was also supported by the global economic recovery, particularly in Australia, New Zealand, and the United States, which remain the company’s key export markets.