RapNet


Rapaport News

 

Technology

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Drop in India Orders Dents Sarine Sales

Reduced purchases lead to 1.1% decrease.
Aug 13, 2018 6:11 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Sarine Technologies saw a slight decline in revenue during the second quarter after orders for its diamond-mapping units fell in India.

Total sales fell 1.1% year on year to $18 million for the three months ending June 30. Revenue from India declined 5% to $12 million, even as 16 of the 20 Galaxy systems that Sarine sold during the quarter were in that market. North America sales tumbled 17% to $213,000, while those in Israel fell 4% to $896,000. Africa was Sarine's only growth center, with sales up 139% to $2.6 million. 

Profit rose 28% to $4.1 million due to lower operating expenses, the Israel-based company said Sunday..

Sarine is still pursuing several patent and copyright infringement cases through Indian court systems. The company had also been taking legal action against Rose Gems, which Sarine accused of manipulating the reported weights of diamonds processed by its Galaxy machine. Rose Gems has “taken responsibility for such actions and has agreed to all conditions set by Sarine,” the company said, adding that the lawsuit had been closed.
લેબલો: Galaxy, Rapaport News, Rose Gems, Sarine, Sarine Technologies
સમાન લેખો
ટિપ્પણીઓ: (0)  Add comment ટિપ્પણી ઉમેરો
ટિપ્પણીઓ ગોઠવો અંતિમ થી પ્રથમ



અમને ફોન કરો: ૧-૭૦૨-૮૯૩-૯૪૦૦
Member License Agreement   RapNet Trading Rules & Code of Conduct    ગોપનીયતા નીતિ  
  
twitter twitter
વિશે Rapaport
અમારી સાથે જાહેરાત કરો