Dec 9, 2014 - Taiwanese wafer manufacturer Green Energy Technology Inc (TPE:3519), or GET, saw its November 2014 revenues grow by 14.2% on the year to TWD 1.46 billion (USD 47m/EUR 38m).
The company noted that it expects to experience certain volatilities in its results, as all Chinese and Taiwanese companies are waiting for the final decision on anti-dumping levies, which the US Department of Commerce (DOC) is expected to publish in mid-December. However, being the solar arm of Taiwanese electrical and electronic products maker Tatung Group (TPE:2371), GET said it is mulling the possibility to establish manufacturing facilities overseas, where it can avoid the hit and even increase its profits with the help of its parent’s global network.
On a month-to-month basis, sales dropped by 5.6% year-on-year, as compared to the TWD-1.55-billion result in October, when the company booked its highest monthly revenues for 2014 to date.
For the first eleven month of the year, GET’s revenues jumped by 20.1% year-on-year to TWD 14.04 billion.