Neo Solar Power posts $16.8 million net profit for 2013

Taiwan-based solar cell manufacturer Neo Solar Power Corp. (NSP) posted a considerable year-on-year increase in revenue in 2013 thanks to the recent merger of NSP and fellow Taiwanese cell producer DelSolar Co. Ltd. Revenue for the year reached 20,084 million TWD ($656.1 million), up 64.07% from 2012. Net profit for 2013 was 515 million TWD. In the prior year, the company posted a net loss of 4,192 million. Shipments for last year reached 1.53 GW.
NSP and DelSolar completed the final stage of their merger on May 31, 2013; however, NSP’s monthly revenue has only included DelSolar’s contribution since July 2013. Operating under the NSP name, the combined entity has a solar cell production capacity of around 1.9 GW and a module production capacity of nearly 400 MW.
© PHOTON

Related News