TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Robust domestic sales offset export dip for textile maker Trisula
Textile producer Trisula International increased domestic sales by 24.6 percent year-on-year (yoy) in the first half of 2023, more than making up for a decline in exports and making the firm an outperformer in its industry.
Change Size
Fast fashion: Workers operate sewing machines at a garment factory in Bogor, West Java, in September 2018. (Antara/Yulius Satria Wijaya)
P
T Trisula International has reported a 2.9 percent year-on-year (yoy) increase in sales in the first half of 2023, as strong domestic sales more than made up for a dip in exports. Profit leaped by 44 percent over the same period.
From January through July, the publicly listed textile and garment manufacturer achieved net sales of Rp 680.8 billion (US$44.9 million), up from Rp 661.3 billion a year earlier, according to its financial report published on Friday.
Profit rose to Rp 43.5 billion from Rp 30.2 billion in the equivalent period of 2022.
The overall strong performance comes despite a 7.3 percent yoy drop in exports, which remains the company’s primary source of revenue, as domestic sales skyrocketed by 24.6 percent yoy.
Exports account for 61 percent of the company’s total net sales.
The boost in domestic sales was largely attributed to its textile-focused subsidiary, PT Trisula Textile Industries, according to the release.
The subsidiary, operating as a retail representative for renowned international apparel brands including JOBB and Jack Nicklaus, recorded a 16.7 percent rise in sales to Rp 237.4 billion in the first half of the year, as indicated in its own financial report.
