Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Hong Kong energy firm posts revenue of HK$4.48 billion in 2016, and reports profits of HK$252 million following the resumption of trading. Firm’s solar division reports solid results.
The solar investment group will likely swing back to the black from a net loss of roughly 98.9 million yuan ($14.4 million) in the 12 months to December 31, 2015.
Hanergy Thin Film Power (HTF) says it will not contest an order by Hong Kong’s Securities and Futures Commission (SFC) to pay outstanding debts to its subsidiaries, as it seeks to resume trading of its stock.
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