Sarine Tech (SG:U77) has released an update.
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Sarine Technologies Ltd has reported a return to profitability in Q1 2024, driven by strong demand for their core businesses due to lower diamond inventory and reduced rough prices. The launch of their new services, including the Most Valuable Plan™ and adaptations for lab-grown diamonds (LGD), is creating new recurring revenue streams. Additionally, their AutoScan™ Plus and Journey™ solutions are addressing ESG concerns, with partnerships like that with DeBeers’ Tracr™ enhancing sanctions compliance.
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