Sarin Ends 2011 with 56% Increase in Profit
February 13, 12
(IDEX Online News) – Diamond toolmaker Sarin reported a 27 percent increase in revenues in 2011, totaling $57.8 million. Business was driven by a good fourth quarter.
Net Profit for the full year increased 56 percent to $17.4 million.
Income in the fourth quarter was up 51 percent year-over-year to $14.1 million, resulting in a net profit of $4.8 million in the quarter, up 271 percent.
Sarin delivered 34 Galaxy related systems in 2011.