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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI Is readying a search product to rival Google, Perplexity
UOB Q1 profit down 1.6% to S$1.5 billion
Google updates US$499 low-end Pixel phone, cuts tablet price
Meta will let advertisers create campaigns using new generative AI tools
Match posts sixth straight decline in Tinder users; shares fall
Reddit gains after strong sales in first report since IPO