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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
Add BT as a preferred sourcePublished 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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