Sarin earns 21.6% increase in revenues

Sarin Technologies Ltd., has generated a 21.6 percent increase in its revenues for the second-quarter of 2008. Revenues amounted to $11.3 million. Sarin has seen a strong penetration into Africa and India. Specific to these two regions, Sarin has seen a 24 percent increase generate from India, which valued to $8.1 million. Africa saw an astounding rise by 504 percent to $1.2 million.

Its net profit increased by 43 percent to $3.1 million, from $2.2 million in the Q2 of 2007. As per first six months of 2008, the company saw an increase of 15 percent in its net profits amounting to $5.1 million. The first six months generated revenues worth $21.9 million, an increaese of 18 percent on year-on-year basis. Sarin is expected to invest further in new product development and enhancing its present portfolio.