Sterling Products records after-tax profit of $173M for 2015

Sterling Products Limited (SPL) registered a profit of $173 million for 2015, down 16.6% on the previous year.

According to its Audited Financial Report for the year ended December 31, 2015 and published in the April 1, edition of Stabroek News, revenues declined from $3.392 billion in 2014 to $3.079 billion last year. Administrative expenses appreciated from $308 million in 2014 to $325 million last year. Distribution