The company reported Q2 17 results. Revenues declined 13.6% to US$61.4m but increased 6.8% from US$57.5m. Higher polysilicon revenues were responsible for the quarterly increase. However average solar grade prices declined by 6.9% due to the restricted access to the Chinese market. The ongoing trade war and the overcapacity in polysilicon production were mainly responsible for the restricted access. FBR polysilicon production more than doubled from 1,026mt to 2,380mt and total polysilicon pro
25 Jul 2017
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REC Silicon ASA (0FS8:LON) | 0 0 0.0% | Mkt Cap: 1,187m
- Published:
25 Jul 2017 -
Author:
Heinz Steffen - Pages:
The company reported Q2 17 results. Revenues declined 13.6% to US$61.4m but increased 6.8% from US$57.5m. Higher polysilicon revenues were responsible for the quarterly increase. However average solar grade prices declined by 6.9% due to the restricted access to the Chinese market. The ongoing trade war and the overcapacity in polysilicon production were mainly responsible for the restricted access. FBR polysilicon production more than doubled from 1,026mt to 2,380mt and total polysilicon pro