Sky Solar Holdings, Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total Revenues were USD 13.834 million against USD 12.202 million a year ago. Loss from operations was USD 7.145 million against USD 4.888 million a year ago. Loss before income taxes was USD 9.829 million against USD 7.284 million a year ago. Loss attributable to owners of the company was USD 8.071 million against USD 7.232 million a year ago. Diluted loss per share was USD 0.02 against USD 0.02 a year ago. Diluted loss per ADS was USD 0.16 against USD 0.15 a year ago. Adjusted EBITDA was negative USD 3.1 million, compared to positive USD 0.5 million in the same period in 2015.

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.