Revenues from North America however dipped by 7.5% to $899,000, and Europe delivered a somewhat unaffected rise of 0.1% to $873,000 over the first half period.

Sarin’s net profit for first half of 2007 increased by 36.3% to $4.5 million, compared to last year’s half-yearly net profit. In the second-quarter, net profit rose by 175% to $2.18 million and sales increased by 46.3% to $9.25 million. Also, revenues grew by 24.7% to $18.55 million and profit margin increased by two percentage points to 24%, as compared to first six months of 2006.

Indian has contributed to almost 70% of Sarin Technologies’ revenues during the second quarter of 2007. While its first-half revenues from India increased by 31.4% to value at $13.5 million, the second quarter generated a growth of 6% to $6.5 million.