Suntech Power Holdings, China“s second largest solar maker by market cap, reported financial results for the first three quarters of 2010 on 3 June 2010.
Revenues totalled USD 588.0 million, an incr…
Suntech Power Holdings, China“s second largest solar maker by market cap, reported financial results for the first three quarters of 2010 on 3 June 2010. Revenues totalled USD 588.0 million, an increase of 0.8% quarter-on-quarter and 86.3% year-on-year. Net income amounted to USD 20.7 million or USD 0.11/ADR, a more than ten fold increase from the previous year but a 50% decrease from the last quarter. Shipments of PV products were up 11% quarter-on-quarter and 182% year-on-year.