Sep 1, 2011 - Chinese photovoltaics (PV) company Solargiga Energy Holdings Ltd (HKG:0757) said yesterday that its net profit for the first half of 2011 had jumped by 174% on the year to CNY 112.8 million (USD 18m/EUR 12.3m).
Basic earnings per share grew to CNY 0.0517 from CNY 0.0228.
Operating profit nearly tripled to CNY 159.4 million, compared to CNY 60.9 million a year ago.
Gross margin for the period improved to 22.5% from 12% a year before.
Revenue amounted to CNY 1.27 billion, up 60% year-on-year. The increase was a result of expanded capacity and rising demand, Solargiga said.
At the end of June, the company had available cash and bank deposits of CNY 679.4 million.