The company reported Q4 16 results. Revenues increase 7.2% to US$80m and the gross margin improved from 47.5% to 73.6%. EBIT losses declined from US$59.9m to US$30.5m because polysilicon volume increased by 38.7% to 3,801mt. The company experienced a recovery in the solar market after the significant deterioration in Q3 16 caused by the expiration of the feed-in tariffs in China. Average spot prices increased by 12.7% in Q4 16 compared to Q3 16. Taking total costs of US$0.35 per watt into con
16 Feb 2017
Performance improved and EBIT loss reduced
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Performance improved and EBIT loss reduced
REC Silicon ASA (0FS8:LON) | 0 0 0.0% | Mkt Cap: 1,187m
- Published:
16 Feb 2017 -
Author:
Heinz Steffen -
Pages:
2
The company reported Q4 16 results. Revenues increase 7.2% to US$80m and the gross margin improved from 47.5% to 73.6%. EBIT losses declined from US$59.9m to US$30.5m because polysilicon volume increased by 38.7% to 3,801mt. The company experienced a recovery in the solar market after the significant deterioration in Q3 16 caused by the expiration of the feed-in tariffs in China. Average spot prices increased by 12.7% in Q4 16 compared to Q3 16. Taking total costs of US$0.35 per watt into con