In 1985, the company opened its first Igloo Ice Cream outlet on Camp street and began distributing Ice Cream Novelties for the Trinidad and Tobago company Flavorite Foods in 1993. The company also signed a three-year deal with Banks DIH Ltd for the distribution of Bimbo Ice Cream.Įfforts to improve the company’s operations through the 1970s saw the acquisition of equipment to improve both the quality and quantity of its detergent output and the re-design of its edible fats section. During the same period Sterling Products also commissioned a new plant and cold room for ice cream production. In November 1957, the company’s exports to the region started with its Golden Cream margarine while the production of its detergents and its Golden Dairy butter began in 19, respectively.Ī lean period of a few years was followed by attempts to revitalize operations in 1973 by modifying the company’s soap plant and commissioning a new plant to improve the production of edible fats. Sterling Products Ltd, which celebrates its fifty-sixth year of operations in October, commenced its operations with the production of the popular Golden Cream margarine, lard, ghee and soap.

“With a strong financial position your directors are comfortable with recommending a final dividend of $3.30 per ordinary share unit for the financial year 2009,” Chin said in his report.

Nevertheless, Chairman of the board Dr Leslie Chin reported an increase of $69.9 million in after tax-profits last year. Last year, the operations of Sterling Products Ltd attracted $72.7 million in taxes, more than three times the $23.3 million it paid in 2008, reducing the company’s after tax profits down to $96.4 million. Last year, export sales accounted for 9.1% of total sales down from 11.1% in 2008, owing mainly to a declining regional market for the company’s edible oils and fats. The turnover on the export market for Sterling products, however, dipped by $26.5 million or 11% to $214.4 million. An 18 per cent increase in sales for detergents produced by the company coupled with sales increases of 9% and 6% respectively for edible fats and ice cream products and novelties, helped the company increase its overall turnover by $177.7 million to $2,340 billion.

Miss bimbo detergent