In Q1 17. revenues declined 16.4% to US$57.5m and EBITDA reached US$4.6m compared to an EBITDA loss of US$13.5m in Q1 16. Net losses declined from US$64.4m to US$27m. FBR cash costs reached US$10.7/kg at a 50% capacity utilisation rate. Cash flow from operations reached US$15.7m. Cash increased from US$66m in Q4 16 to US$81m in Q1 16 mainly driven by declining account receivables. Nominal debt remained unchanged at US$186m and nominal net debt reached US$106m. In Q2 17, management is expectin
23 Jun 2017
The Yulin joint-venture – the last best hope
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The Yulin joint-venture – the last best hope
REC Silicon ASA (0FS8:LON) | 282 0 0.0% | Mkt Cap: 1,187m
- Published:
23 Jun 2017 -
Author:
Heinz Steffen -
Pages:
2
In Q1 17. revenues declined 16.4% to US$57.5m and EBITDA reached US$4.6m compared to an EBITDA loss of US$13.5m in Q1 16. Net losses declined from US$64.4m to US$27m. FBR cash costs reached US$10.7/kg at a 50% capacity utilisation rate. Cash flow from operations reached US$15.7m. Cash increased from US$66m in Q4 16 to US$81m in Q1 16 mainly driven by declining account receivables. Nominal debt remained unchanged at US$186m and nominal net debt reached US$106m. In Q2 17, management is expectin