Sarin Technologies Ltd. has announced its results for the three months ended 31 March 2008. It has reported a revenue growth of 14.2% in Q1 2008 to US$10.6 million, which itself is a record high for quarterly revenue. This high income has been the after effects of Sarin dishing out new products and successfully venturing into new initiatives. It received a favourable response from new markets like India, Africa, Europe and North America. Sarin also undertook higher level of sales and marketing activities in the newly emerging markets to boost its global market share, indulged into more R&D and entered into an agreement to acquire Galatea and a minority share in IDEX Online. IDEX is introducing the world’s first spot market for polished diamonds. %% These expansions have increased operating expenses in Q1 2008, especially in the area of staffing. These higher costs and the weakening of the US dollar against the New Israeli Shekel, resulted in the group’s net profit falling by 11.9% to US$2.0 million in Q1 2008. %% As outlined by Mr. Zeev Leshem, Chief Executive Officer of the Group, has chalked out numerous new innovations and developments with its technologies, to achieve sustainable growth and further entrench its position as the worldwide leader in the development and manufacturing of precision technology products for the diamond industry. "As a result of our continual emphasis on R&D, our current new product pipeline is one of the most exciting in the history of Sarin. Over the next 12 months, we will be rolling out numerous new products, such as the InstructorTM, which will help diamond cutters at the various stages of the production process to realise planned polished diamond yield, as well as ground-breaking technology for fully automated evaluation of internal features in diamonds," added Leshem. %% Sarin is also making efforts to boost sales in its existing markets and new markets like India, China and Africa.