Sarine’s FY17 results were under pressure from excessive polished diamond inventories in H217 and continued illicit competition in India. However, Q417 saw a sequential increase in capital equipment sales, with 11 Galaxy family systems delivered during the quarter and a total installed base of 345 systems as at end-2017 vs 299 in 2016. Midstream inventory levels seem to have normalised and scanning activity is picking up. Management confirmed its positive consumer demand outlook for FY1
05 Mar 2018
Capital equipment sales gradually recovering
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Capital equipment sales gradually recovering
Sarine’s FY17 results were under pressure from excessive polished diamond inventories in H217 and continued illicit competition in India. However, Q417 saw a sequential increase in capital equipment sales, with 11 Galaxy family systems delivered during the quarter and a total installed base of 345 systems as at end-2017 vs 299 in 2016. Midstream inventory levels seem to have normalised and scanning activity is picking up. Management confirmed its positive consumer demand outlook for FY1