Sarin’s Q4 revenues up 51%

At the end of the three months closing December 31, 2011, Sarin Technologies Ltd. noted a 51 percent increase (on y-o-y basis) in its revenues, to $14 million. The company noted that this period experienced a favourable demand for its products.

There was a 271 percent increase in net profits, to $4.8 million. At the close of the entire year 2011, the company’s profits rose 56 percent to $17.4 million. Also, the 12 months delivered 27 percent increase in company revenues to $57.8 million, reports say.