German Solar-Fabrik books break-even op profit in H1 2011
Aug 11, 2011 - German solar module maker Solar-Fabrik AG (ETR:SFX) today reported earnings before interest and tax (EBIT) of EUR 6,000 (USD 8,544) for the first half of 2011, following EBIT of EUR 9.19 million in the prior-year period.
Due to continuing "price erosion" and a decline in revenue, the company turned to a net loss of EUR 754,000 after profit of EUR 7.6 million a year earlier.
First-half revenue fell by around 10% on the year to EUR 87.3 million.
Against the background of unstable political regulations and weak market environment, Solar-Fabrik considers its financial figures for the first six months of 2011 as a success, the company said.