Net Profit Increases, TRIS Distributes Interim Dividends

By : Nata Kesuma | Friday, November 10 2023 - 08:20 IWST

PT Trisula International Tbk (TRIS)
PT Trisula International Tbk (TRIS) - Jakarta, November 08th, 2023 – The Trisula Group, which is controlled by PT Trisula International Tbk (TRIS), a publicly listed company in the textile and garment sector is planning to distribute dividends.

At IDR 2.76 per share, TRIS will distribute a total of IDR 8.6 billion to its shareholders. The dividend payment date will fall on December 1, 2023.

Indeed, TRIS has experienced healthy growth in the past year, their 9M23 financial report revealed that their sales have increased 0.1% YoY to IDR 1,045.2 billion while its net profit grew by 4.1% YoY in 9M23.

The retail and uniform segments drove the highest increase with +29.6% YoY and +5.1% YoY to IDR 121.7 billion and IDR 96.6 billion, respectively.

Trisula Group’s uniform segment is undergoing sales recovery, after the decline they experienced since 2020. As the preferred choice for uniforms in critical segments, including government sectors, it’s no surprise that TRIS would receive an influx of orders.

The Company is also establishing an all-in-one clothing concept to offer a range of clothing options, including shirts, pants, to suits, all conveniently available in one place.

“The Trisula Group purposefully established an integrated supply chain across our operations from the producer of polyester materials to tailoring, all the way to our strong retail network.," TRIS President Director, Widjaya Djohan explains,

"This allows us reliably deliver international quality textile and garment products while staying agile to adapt and maintain a strong position in the market.”

Trisula Group’s position in the market is reflected by the recorded 13.2% increase (YoY) in local sales. As the economy regains its momentum, demand for garment products increases in proportion. TRIS is still the go-to choice for many customers, having proven its track record in delivering high-quality products that meet customer specifications.

The Company has also established a strong presence and network in countries such as the US, Australia, New Zealand, the UK, and Japan, which will also give them a strong footing as international demands pick up.

The outlook for TRIS looks promising as the company continues to optimize its utilization rates and increase its production capacity, with its subsidiary PT Trisco Tailored Apparel Manufacturing expected to increase its output by next year.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…