28 Mar '14, 8am

Neo Solar Power revenues grow 64% to USD 660 million in 2013

Neo Solar Power Corp. (NSP, Hsinchu, Taiwan) has released 2013 results, reporting a 64% growth in revenues to USD 660 million, a 1.6% operating margin and a net profit of USD 17 million. The company shipped a record 1.53 GW of solar photovoltaic (PV) cells in 2013. NSP notes the advantages of enlarged economies of scale due to its merger with Delsolar Co. Ltd. (Chunan Chen, Taiwan), which was completed in June 2013. Through the Delsolar merger NSP became Taiwan's largest PV cell maker. NSP also raised USD 135 million through a local convertible bond and equity issuance in 2013, which contributed to its cash on hand of USD 210 million at the end of the year. 2014-03-28 | Courtesy: NSP | solarserver.com © Heindl Server GmbH Our editorial selection of breaking solar news is published at: http://www.solarserver.com/solar-magazine/solar-news/top-solar-news.html

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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