2005 - 3rd Quarter
In The News
Sterling held its 2008 Global conference at the Hong Kong Grand Hyatt Hotel in Hong Kong. Key management personnel from the Sterling profit centers in Shanghai, Beijing, Suzhou, Nanjing, Tianjin, Tokyo, Singapore, Seoul, London, Hanoi and the USA participated in the three day conference.
Bob Macdonald, President and CEO of Sterling in his state of the company message announced that global sales revenues and EBIT for the year 2007 exceeded those of 2006 by 38%. China operations experienced a 42% increase in sales revenues and EBIT from 2006 to 2007 partly as a result of the expansion to Suzhou and Nanjing.
Sales revenues and EBIT for the quarter ending April 30, 2008 showed an increase of 38% over the same period in 2006 directly in line with the company's projections.
The company plans to open one more office in China and one in Vietnam in 2009 and currently looking at the possibility of further expansion into Eastern Europe and Russia .
Mr. Macdonald also proudly announced that Sterling is the largest privately held Executive Search and Human Resource Consulting firm in Asia.
Conservative leadership has kept the Company debt free even though it has opened new off ices and expanded its Shanghai and Beijing offices. The Company is cash flow positive and well positioned to take advantage of the Asia boom.
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