Neo Solar still profitless - News Summed Up
Neo Solar still profitless

Neo Solar still profitless

May 15, 2018 15:56 UTC

Trending Today


Neo Solar still profitless


By Lisa Wang / Staff reporterNeo Solar Energy Corp (新日光能源) yesterday reported its seventh consecutive quarterly loss, as a modest rise in prices was not enough to help it out of the woods last quarter. Neo Solar attributed the improvement to a reduction in operating expenses to NT$345 million during the quarter. “Demand from China came to a halt as a year-end installation spree ended,” Neo Solar said in a statement. Neo Solar is scheduled to absorb Gintech and Solartech in a three-way merger in October. Neo Solar hopes the merger will enhance the cost structure of the new entity — to be called United Renewable Energy Co (聯合再生) — by expanding its solar mobile scale and allowing it to build a greater presence in the solar power plant market.


Source: Taipei Times May 15, 2018 15:56 UTC


Loading...

Loading...