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Sarine: Stablises Operations In H1 FY2025, Maintains Positive Cashflow Under Difficult Market Conditions.

11 Aug 2025 11:02

Demand for natural diamonds continues to be impacted by lab-grown diamonds in the United States and weak consumer sentiments in China, the two largest markets for natural diamonds. Revenues of US$15.3 million for H1 2025 are 11% lower than H2 2024 and 30% lower than H1 2024, showing initial stabilisation, as further evidenced by EBITDA of US$1.6 million being 90% higher than H2 2024 and 49% lower than H1 2024, of operations as new services gain traction and generate more revenue...

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Source: ShareInvestor Express