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 sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
