Trident Q1 profit rises 13%; board approves new subsidiary

Trident, a company, had a really good first quarter this year.

They made 13% more profit than last year.

This is because they sold more stuff and did better in their yarn business.

The company's board also decided to create a new company that they fully own.

This new company will help Trident do better marketing, build their brand, and sell more things in other countries.