Derrimon Trading Company generated net profits of $57.08 million on revenues of $4.3 billion during the first quarter of its financial year which ended March 31.
These figures represented a 1.96?cline in net profits despite a 21% jump in revenues.
Gross profits soared by 23% to 1.1 billion during the quarter from $906 million during the similar period last year.
Commenting on the results, Chief Executive Officer Ian Kelly said they underscored the resilience and adaptability of the Derrimon Group.