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Sarine Tech posts net profit of $2.6 mil for 3QFY21

Felicia Tan
Felicia Tan11/15/2021 9:7 AM GMT+08  • 2 min read
Sarine Tech posts net profit of $2.6 mil for 3QFY21
The group's results were affected by the seasonal slowdown and uncertainties in the industry after the exceptional 1HFY2021.
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Sarine Technologies, which has dual-listing on the Singapore Exchange (SGX) Mainboard and Tel-Aviv Exchange, has posted net profit of US$1.9 million ($2.6 million) for the 3QFY2021 ended September.

The group’s revenue for the quarter stood at US$12.1 million.

Gross margin stood at 76% due to its product mix.

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