Sarin reports healthy growth

Directors announce interim dividend
Sarin reports healthy growth

In the wake of recording very healthy financial results Sarin Technologies Ltd.’s Directors are rewarding its shareholders with an interim dividend of 1.0 US cents per share, in addition to the interim dividend of 0.65 US cents per share paid last quarter. The company accounted growth during two time periods; one for the third quarter and another for the nine months ended 30 September 2007.

Revenues during the third quarter of 2007, expanded by 20% to US$9.4 million, while net profit scaled up by 12% to US$2.0 million. During the nine months ended September 30, 2007 the group revenue hiked by 23% to US$28.0 million and net profit by 28% to US$6.5 million.

Sarin has recorded an increase in its customer demand across all major markets. The increase is being attributed to its successful launch of new products including the DiaExpert Nano™ and DiaMension Lab Edition™. It also reported an increase in the sales of the green-laser Quazer™ system.

Mr. Zeev Leshem, Chief Executive Officer of Sarin, said, "This solid set of results was supported by Sarin’s expanded range of innovative new products such as the DiaExpert Nano™, tailored to meet market demand. Our customers can now select the most cost-effective solution for their manufacturing needs from our enhanced product suite. With a strong product pipeline, the Group is looking forward to further reap the benefits of innovation in FY2008.”


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