Sky Solar Holdings, Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Impairment Charges for the Fourth Quarter of 2016
For the year, the company reported total Revenues were USD 65.925 million against USD 47.155 million a year ago. Profit from operations was USD 15.400 million against USD 8.211 million a year ago. Profit before income taxes was USD 4.559 million against loss of USD 2.238 million a year ago. Profit attributable to owners of the company was USD 3.784 million against loss of USD 1.397 million a year ago. Diluted earnings per share was USD 0.01 against loss of USD 0.004 a year ago. Diluted earnings per ADS was USD 0.08 against loss of USD 0.03 a year ago. Adjusted EBITDA was USD 32.223 million against USD 15.708 million a year ago.
For the fourth quarter of 2016, the company reported impairment loss on IPP solar parks were USD 2.128 million against USD 1.061 million a year ago.