Sep 20, 2011 - Chinese thin-film photovoltaic (PV) product maker Trony Solar Holdings Co Ltd (HKG:2468) reported Monday a net profit of CNY 544 million (USD 85m/EUR 62m) for the fiscal year through June, an increase of 8.9% in annual terms.
The company plans to distribute a final dividend of HKD 0.05 a share, compared to zero a year ago.
Pre-tax profit grew to CNY 674.9 million from CNY 579.2 million.
Gross margin improved slightly to 42.7% from 42.4%, due to economy of scale and increased sales of higher-margin products.
Revenue jumped by 45.2% year-on-year to CNY 1.96 billion, as the sales volume of PV products rose. Module sales brought 81.7% of all revenues.
At the end of June, Trony Solar had an annual production capacity of 205 MW.