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Sarine kept at 'add' by CGS-CIMB on IP protection progress, continued growth

PC Lee
PC Lee5/15/2018 4:36 PM GMT+08  • 2 min read
Sarine kept at 'add' by CGS-CIMB on IP protection progress, continued growth
SINGAPORE (May 15): CGS-CIMB Securities expects equipment sales at Sarine Technologies to continue rising, helping the company stay on the recovery course.
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SINGAPORE (May 15): CGS-CIMB Securities expects equipment sales at Sarine Technologies to continue rising, helping the company stay on the recovery course.

1Q18 net profit expanded 27% y-o-y to US$3.1 million ($4.1 million) on the back of a 2.4% revenue growth which came in line with CGS-CIMB’s expectations.


See: Sarine reports 27% rise in 1Q18 earnings to US$3.1 mil

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