Jamaica Observer
August 17, 2022

And The Nominee in the category Best (new) Local Product… BITE ME PICKLED HERRING

Jamaica Observer

SOFTENING demand in the United States, rising product costs, and a hike in interest payments on debt combined to sap earnings at Derrimon Trading during the second quarter of the year.

The company released financials showing its profit for the April to June period of this year sank 9.68 per cent to $113 million dollars.

The lower profit was realised despite the group, which includes Spicy Hill Farm, Arosa Limited, Woodcats Limited and Caribbean Flavours and Fragrances, posting $4.6 billion in revenue — up 14 per cent during the quarter compared to a year ago.