Bisnis.com, JAKARTA – Textile issuer PT Trisula International Tbk (TRIS) has decided to distribute cash dividends amounting to IDR 20.23 billion, equivalent to 31 percent of its 2022 net profit. The decision was approved by shareholders at the Annual General Meeting of Shareholders (AGMS) held on Monday (April 10, 2023).
This year’s dividend distribution represents a 268 percent increase compared to the 2021 dividend of IDR 5.5 billion.
TRIS President Director Widjaya Djohan stated that the dividend increase was driven by the company’s strong performance throughout 2022.
“We are grateful that TRIS was able to record excellent performance in 2022, allowing us to distribute a significantly higher dividend compared to the previous year,” he said on Monday (April 10, 2023).
Last year, TRIS recorded a 631.47 percent increase in net profit, reaching IDR 34.16 billion in 2022, compared to IDR 4.67 billion in the previous year.
According to the financial report published on the Indonesia Stock Exchange (IDX), TRIS posted sales of IDR 1.49 trillion in 2022, marking a 36.69 percent increase from IDR 1.09 trillion in 2021.
The company’s net sales were supported by export sales of IDR 1 trillion (66.88%) and domestic sales of IDR 496.19 billion (33.12%). In line with the surge in sales, TRIS’s cost of goods sold also rose 33.29 percent, from IDR 871.20 billion in 2021 to IDR 1.16 trillion in 2022.
As a result, net profit attributable to the owners of the parent entity jumped 631.47 percent to IDR 34.16 billion in 2022, compared to IDR 4.67 billion the previous year. Meanwhile, profit for the year increased 257.97 percent, reaching IDR 64.52 billion, up from IDR 18.02 billion in 2021.
As a company specializing in the garment and retail trade industry, TRIS serves numerous international corporate clients in sectors such as aviation, healthcare, and hospitality, providing them with uniform solutions. The company also supplies garment products to several international brands.
Following the easing of COVID-19 restrictions in several countries — particularly Japan and China — the global economy is expected to regain momentum. TRIS hopes to achieve higher revenue in 2023, as 67 percent of its products are exported to markets including the United States, Australia, New Zealand, Singapore, and Japan.