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Sarine Tech expects Q3 revenues to halve y-o-y

It cites reduced demand for diamonds on expectations of falling prices, liquidation sale of equipment

Published Thu, Oct 1, 2015 · 09:50 PM

Singapore

MAINBOARD-LISTED Sarine Technologies Ltd expects revenues for the quarter to be about half of those in Q3 2014, according to its update on the diamond industry and profitability guidance.

In a filing to the stock exchange on Thursday, it said its quarterly recurring revenues are expected to be about a third down year-on-year, due to lower manufacturing activities.

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