After tax profits up to $106m last year from $48m in 2006
Sterling Products Ltd is seeking to develop an oil crop and a facility for manufacturing edible oil locally with the assistance of a CARICOM partner.
The disclosure is contained in the 2007 report of the Chairman of the company’s Board of Directors Dr. Leslie Chin against the backdrop of figures published in the company’s 2007 annual report that reflect a good performance last year.
Statistics published in the report indicate that last year the company more than doubled its after- tax profits over 2006. According to the report last year’s post-tax profits reached $106,234,548 compared with $48,204,787 in 2006. A comparison with previous years shows that the company’s performance bettered any of the previous six years with its 2006 after tax takings represented the lowest during that six-year period.
