Profits in 3Q15 reported by Gintech, TSEC

Some Taiwan-based solar PV manufacturers have unveiled their preliminary key financial results. Gintech and TSEC both reported profit in the third quarter of 2015 due to the stronger market demand.

Gintech: positive net profit reached

Driven by increased ASP resulted from higher utilization rate and lower costs, Gintech met NT$137 million net income in 3Q15. Gross margin improved from -2.6% in the prior quarter and from -8.1% in the same quarter in 2014. The EPS was $0.31 in Q3/2015, compared to loss per share of ($0.82) in Q2/2015 and loss per share of ($1.08) in Q3/2014. However, the ($628) million net loss in the first half offset the income in the third quarter and the EPS was ($1.24) from 1Q to 3Q. Gintech will accelerate deploying its 400MW cell facility in Thailand for future profit.

TSEC: turns from loss to profit

TSEC was listed stock on Taiwan Stock Exchange in early October by NT$13 per share. The stock has raised 56% from its IPO because of the vibrant market in the recent. The EPS was $0.3 in the third quarter and it is expected to reach $1 in 2016. During the third quarter, the company also turned from loss to profit thanks to the high order visibility.

http://pv.energytrend.com/news/Profits_in_3Q15_Reported_by_Gintech_TSEC.html