Revenues increased 21% to US$69.9m; polysilicon production volume increased 12.7% to 3,523MT and sales volume 15.7% to 13,851MT. EBITDA improved from US$4.7 to US$14.6; the EBITDA margin increased from 9.2% to 20.9%. EBIT losses declined from US$15.8m to US$5.7m. Net income jumped to US$60.4m from a loss of US$27m, driven by an extraordinary gain of US$72.2m. Excluding extraordinaries net losses improved from US$27m to US$11.9m. Debt obligation met by the successful placement of a US$110m bon
29 Apr 2018
Reducing losses in a difficult political environment!
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Reducing losses in a difficult political environment!
REC Silicon ASA (0FS8:LON) | 0 0 0.0% | Mkt Cap: 1,187m
- Published:
29 Apr 2018 -
Author:
Heinz Steffen -
Pages:
3
Revenues increased 21% to US$69.9m; polysilicon production volume increased 12.7% to 3,523MT and sales volume 15.7% to 13,851MT. EBITDA improved from US$4.7 to US$14.6; the EBITDA margin increased from 9.2% to 20.9%. EBIT losses declined from US$15.8m to US$5.7m. Net income jumped to US$60.4m from a loss of US$27m, driven by an extraordinary gain of US$72.2m. Excluding extraordinaries net losses improved from US$27m to US$11.9m. Debt obligation met by the successful placement of a US$110m bon