Sarine shining bright like a diamond

SINGAPORE (Sept 5): Sarine Technologies registered strong revenue and earnings growth, as well as record deliveries for its systems in the last quarter. With the continued recovery in the diamond industry, this growth momentum looks set to extend into the quarters ahead.

(See Sarine’s 2Q earnings more than double on higher revenue)

The gemology toolmaker’s bottom line last year was weighed down by challenging conditions in the diamond industry. For FY2015, its earnings slipped 86.8% y-o-y to US$3.6 million, on the back of a 44.8% drop in revenue to US$48.5 million.

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