Sarin Technologies, the manufacturer of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, says net profit for the quarter ended 31 March 2010 hit (1QFY2010) hit US$4.4 million ($6.1 million) compared to the net loss of US$2.5 million in 1QFY2009 and in line with the net profit reported in 4QFY2009.
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Sarin Technologies turns around with $6.3m net profit in 4Q
February 25th, 2010 |
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Sarin Technologies, the manufacturer of precision technology products for processing diamonds and gems, says net profit rose to US$4.5 million for the quarter ended 31 December 2009 (4Q2009).
The year 2009 was characterised by a weak first half, followed by a strong recovery in the second half. Underpinned by the continued recovery of the diamond manufacturing industry, Sarin recorded a 314% increase in 4Q revenue to US$10.4 million.