PT Sunson Textile Manufacturer Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022
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PT Sunson Textile Manufacturer Tbk reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was IDR 76,395.61 million compared to IDR 77,190.83 million a year ago. Net income was IDR 2,959.82 million compared to IDR 13,614.72 million a year ago. Basic earnings per share from continuing operations was IDR 2.53 compared to IDR 11.63 a year ago.
PT Sunson Textile Manufacturer Tbk is an Indonesia-based integrated textile company. The Company is engaged in the manufacturing and selling of yarn, fabric and other textile products and also general trading. Its segments include spinning, weaving and others. The Company's products include yarn and woven fabrics made of 100% cotton, TC, CVC, TR and PE, as well as DTY polyester yarn. In addition to marketing its products in the domestic market, the Company also conducts export sales to countries in Asia, Europe, America, and Africa.