Derrimon Trading Company says it is preparing to sell some of its fixed assets in order to reduce its debt load and return to profitability.
CEO Ian Kelly says this move is necessary because its last financial year was characterised by falling sales, resulting in a net loss of $616 million.
He also stressed that the sale of some assets would be an integral part of his strategy to return the company to profitability.
Mr. Kelly, who was the company's chief financial officer, took over as CEO at the beginning of this year.
.jpg)
All feeds
