Solargiga slightly increased revenue and achieved loss in 2018
Post date: 03/04/2019 - 18:51
Chinese company Solargiga Energy Holdings Ltd. announced slightly increased revenue in 2018 by 0.6 percent to CNY 4,022 billion ($0,59 billion) compared to CNY 3,999 billion in 29017. According to the company, »due to the unanticipated decline in sales price caused by the new photovoltaic industry policy released by the Chinese government«, gross profit decreased to CNY 397 million ($59 million) compared to CNY 657 million in the previous year.
Loss was CNY 220,587 million ($32,826 million) compared to profit of CNY 123,757 million in 2017. Shipment of major products for the year amounted to 2,797 MW, a growth of 15.2 percent comparing to 2,428 MW of last year. The board of directors of the company does not recommend to declare a final dividend for the year 2018 (2017: Nil).