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Blog Archive

Monday 7 May 2012

A strong 2012 start for Sarin

Sarin reported its 1Q2012 results :-

- Revenue +61% vs 1Q2011, +40% vs 4Q2011

- Gross profit margin 1Q2012 at 71%, 1Q2011 at 65%, 4Q2011 at 71% (FY2011 66.2%)

- Profit from operations +129% vs 1Q2011, +64% vs 4Q2011

- healthy Balance Sheet and Cash Flow

- zero borrowings from banks

- proposing a bonus issue on the basis of 1 bonus share for every 4 existing shares

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