Sarin Technologies, the manufacturer precision products for the evaluation of diamonds and gems, said net profit for the second quarter ended 30 June 2012 (2Q2012) rose 31% to US$6.6 million ($8.2 million) from US$5 million in 2Q2011.
In 2Q2012, Sarin delivered 14 Galaxy family systems, of which 13 were shipped to customers and one XL system to the service centre in Belgium. This boosted quarterly group revenues to US$18.2 million, an increase of 16% from US$15.6 million in 2Q2011.
The board has declared an interim dividend of US cents 1.25 per ordinary share for the half year ended 30 June 2012. This dividend applies to an expanded share base following the 1-for-4 bonus issue in May 2012.
The dividends should form a good percentage of the company's total earnings. It is common knowledge that dividends are paid out from the profits that the company earns.
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