Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

NSP – Neo Solar Power : Reports 2017 Q3 Financial Results

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2017 | 09:25am CEST

Neo Solar Power Corporation ('NSP', or 'the Company', publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading manufacturer of high quality solar cells and modules in Hsinchu, Taiwan, today announced its 2017 Q3 Net Loss was NT$1,715 million. According to 2017 first three quarter financial results, the company delivered NT$6,849 million in consolidated Net Revenues and NT$3,551 million in Consolidated Net Loss while the underlying EPS closed at NT$ -3.51.

According to NSP 2017 Q3 consolidated financial report, the company delivered NT$2,468 million in Net Revenues, which was increased by 11% as compared to second quarter. The actual business loss was narrowed a lot in third quarter as compared to last quarter. In spite of that, the Realized Gross Loss was NT$896 million due to recognize related losses of long-term supply contract. Operating Expenses for 2017 Q3 reached to 403 million, which was decreased by 13% under well control as compared to that in 2017 Q2 and Operating Loss was NT$1,394 million. To be cautious and conservative, NSP also reserved lawsuit related costs under Non-Operating Expenses in third quarter, which led to Net Loss of NT$1,715 million with underlying EPS of NT$-1.67.

For financial structure, NSP will continue to enhance cash position. The consolidated cash and cash equivalents on hand as of the end of 2017 third quarter was NT$7,019 million. In principle, the Company's overall financial operations will be conservative as usual.

Looking forward to the fourth quarter, NSP will continually expedite the construction, operation and sale for solar system projects to improve overall performance of NSP Group. In the meantime, the pre-merger preparation between NSP, Gintech and Solartech will continue to proceed per scheduled.

NSP – Neo Solar Power Corp. published this content on 14 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 November 2017 08:24:11 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
01:46pABBOTT : Reports Third-Quarter 2018 Results
PR
01:46pUnion Bankshares Reports Third Quarter Results
GL
01:46pGSRX Industries Inc. Expects to Announce Third Quarter 2018 Financial and Operating Results Week of October 22
GL
01:46pCommunity Awards in Support of Diversity and Inclusion Announced for 2018 Internet2 Technology Exchange
BU
01:45pHEWLETT PACKARD : HPE to Webcast 2018 Securities Analyst Meeting
AQ
01:44pWM MORRISON SUPERMARKETS : Morrisons finance chief takes on additional commercial role
RE
01:43pPHARMACOLOG I UPPSALA PUBL : ”How can we optimize the curative effect...
PU
01:43pLHV : started offering LHV car insurance
PU
01:43pMURRAY INCOME TRUST : Net Asset Value(s)
PU
01:43pROYAL BAM : BAM wins two German building contracts in Berlin and Jena
PU
Latest news "Companies"
Advertisement