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Derrimon Trading, which operates retail stores Sampars Cash and Carry and Select Grocers, is reporting a 5.7 per cent increase in revenues for its first quarter ending March 31, 2022, as the global economic slowdown affects some of its business lines.

The three months consolidated results of the group reflected an increased revenue of $4.24 billion, marginally up from the $4.01 billion reported for the comparative period last year.

Derrimon Trading Company has now disclosed that the deal to acquire 100 per cent of Arosa Limited was valued at $932 million. It’s also planning to spend another US$2 million, or $310 million at current exchange rates, into operating the business…

Jamaican distribution group, Derrimon Trading Limited (DTL) is accelerating the build out of the new Select Grocers Limited subsidiary at the Millennium Mall in Mineral Heights, Clarendon.

The store, which is scheduled for opening this summer, is slated to be the largest supermarket in central Jamaica. The good news comes, as DTL reported stable financial results for the March quarter, which saw the successful completion of its latest acquisition, Spicy Hills Farms Limited and increased revenue.