Our Today
March 3, 2023

Derrimon grew in 2022 through diversification and expansion

Our Today

Strong growth in net profit and total assets

Jamaican distribution company, Derrimon Trading Company Limited (DTL) has seen strong growth in the business in 2022 through diversification and expansion in spite of the many challenges encountered throughout the year.

For the year ended December 31, 2022, DTL reported having consistent growth despite the many challenges experienced in the various markets and spaces in which the company operates. There were increases in profit, consolidated total assets and revenue for 2022.

DTL posted consolidated total assets of J$15.372 billion, which represents a 33.57 per cent or J$3.863 billion growth over the J$11.50 billion reported for the similar period ending December 31, 2021. Net profit ended the year at J$617.629 million, a J$169.45million or 37.81 per cent increase over 2021.