Midsummer sees profit increase for FY 2016
Financial results for 2016 posted by the Swedish thin film equipment supplier show that revenues almost doubled to SEK 60 million ($6.8 million) for the full year. Midsummer also saw a significant profit increase to SEK 10 million ($1.1 million).
NSP’s net loss narrows to $44 million in Q1
Neo Solar Power has posted a net loss of NT$1.3 billion ($43.7 million) for the first quarter of 2017, as weak demand in China weighed on orders.
Solar Frontier’s operating loss widens to $26.4 million in Q1
The CIS thin-film PV specialist has posted an operating loss of JPY 3 billion ($26.4 million) in the three months to March 31, from JPY 2.6 billion a year earlier. Net sales fell 41.3% on the year to JPY 22.2 billion.
Singulus reports revenue and profit increase
The German equipment provider has posted positive numbers for the first quarter of this year. The company also reports high interest for its new PV production machinery.
Panasonic’s 2016 profit falls 9.6% as solar sales sag
The Japanese electronics group posted a net profit attributable to shareholders of JPY 149.4 billion ($1.3 billion) in the fiscal year to the end of March — from JPY 165.2 billion a year earlier — as declining sales of solar panels in Japan eroded its earnings. The group’s net sales fell more than 3% on the year to JPY 7343.7 billion, although its operating profit rose to JPY 276.8 billion, from just JPY 230.3 billion a year earlier.
SolarWorld Americas maintains full operation
The U.S. subsidiary of the German manufacturer maintains full operations at its facility in Hillsboro, Oregon, although its parent company and its German units filed for insolvency last week.
PVA TePla returns to profitability in Q1
Q1 sales increased by 37% compared to a year earlier. The company also posted a positive Ebit for the first time in five years.
SolarWorld’s German units file for insolvency, provisonal administrator is named
The Bonn court has confirmed to pv magazine that Horst Piepenburg was named temporary administrator for SolarWorld. Meawhile, the company’s German units also filed for insolvency.
German PV equipment makers report revenue rise for 2016
German PV equipment providers were able to increase their sales by 20% in the past year. Demand for solar production equipment, however, is slowing.
Amtech posts revenue growth in Q2 of fiscal 2017
The U.S. supplier of automation systems for the PV industry also saw order intake and quarter-end backlog increase in the latest quarter. All of the company’s segments contributed to the turnover growth registered in this period.
