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Sarine Tech warns of operating loss for 3Q

Stanislaus Jude Chan Published on Tue, Oct 10, 2017 / 6:03 PM GMT+8

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SINGAPORE (Oct 10): Sarine Technologies on Tuesday warned it is likely to post “a minimal operating loss of several hundred thousand dollars” for the 3Q17 ended August.

This includes non-cash expenses of $1 million due to depreciation, amortisation and option based compensation.

In a filing to SGX on Tuesday, the manufacturer of precision products for grading diamonds says 3Q17 revenue will come in at just over US$11 million ($15 million), down from US$18.2 million in 2Q17.

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