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Derrimon triples earnings, adds Blue Power, Delect to product list

DerrickCotterell

DERRIMON Trading posted $49.9 million in net profit, more than tripling its bottom line.

The distribution and wholesale company, which last week posted the significant increase in earnings for the year ended December 31, 2013, netted $15.7 million the year before.

It said that revenue and gross profit margins grew as a result of new product offerings, better margin management and improved sales execution, despite a challenging economy.

Published in the Jamaica Observer
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