MANUFACTURING and distribution company Derrimon Trading Group is recovering well from the novel coronavirus pandemic, with revenues and profits stabilising.
In its just-released 2020 annual report, Derrimon reported record revenue and net profit of $12.7 billion and $311.1 million, respectively. The report details the extent of the group’s ability to weather the pandemic, which initially caused a dip in revenues and profits that are now on the rise.
Notwithstanding the extraordinary event of the novel coronavirus pandemic, the group was still able to achieve varying successes across its subsidiaries. The annual report details profit after tax of $225.644 million for the company and $311.089 million for the consolidated group.