Derrick Cotterell’s Derrimon Trading has seen reported $88.78-million in profit for the financial year ended December 31.
This is a $36.5-million dollar improvement over the same period last year.
Meanwhile, the company reported a gross profit of $833.3-million, a $206.9-million increase over the same period the previous year.
This increase was attributed to what the company described as improved margins within both the distribution & retail segments of the business.
The company which is in its early years of listing continues to benefit from tax remissions of 100-percent during the first five years of its listing.