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Sarine 2Q15 Net Profit Fell 68.7%, Revenue Down 41.7%
Daily Bulletin | 11 August 2015
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Sarine Technologies reported its 2Q15 results, reflecting a 68.7 percent decline in net profit and a 41.7 percent drop in 2Q15 revenue.

Weaker topline was weighed upon heavily by a decline in capital equipment sales and recurring revenue, due to significantly lower diamond manufacturing activities.

Gross margin is however relatively stable at 72.3 percent. Interim dividend declared for 2Q15 of US$0.015 was also markedly lower than that of US$0.03 in that of 2Q14.

Sarine Technologies  0.240 -0.005 -2.04%   
Business: Co manufactures & sells precision technology products for the processing of diamonds & gemstones. [FY18 Geographical] India (66.5%), Africa (12%), others (10%), Israel (5.8%), Europe (3.9%) and North America (1.8%).

Insight: May-19, 1Q19 revenue decreased by US$5.7m to US$10... Read More


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