Friday, February 25, 2011

Sarin’s Bottom Line Up Sevenfold in FY2010

Mainboard-listed Sarin Technologies Limited, a maker of precision

technology products for measurement of diamonds and gems, more

than doubled its revenue to US$45.7 million (S$58.4 million) in the

12 months ending 31 December 2010 (FY2010), a significant

increase of 114 per cent over FY2009’s US$21.4 million.

The company said its strong growth was underpinned by a rebound
in capital equipment expenditures across all geographical segments

early in the year as the diamond industry recovered from the global

financial crisis.

The big leap in revenue resulted in a sevenfold increase in bottom

line to US$11.1 million, compared with US$1.5 million in FY2009.

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