Sky Solar Holdings, Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
September 28, 2017 at 08:10 am EDT
Sky Solar Holdings, Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company's total revenue was USD 30,619,000 compared to USD 28,730,000 a year ago. Profit from operations was USD 6,762,000 compared to USD 7,380,000 a year ago. Profit before taxation was USD 9,818,000 compared to USD 783,000 a year ago. Profit for the period was USD 5,188,000 or earnings of USD 0.012 per basic and diluted share compared to loss of USD 2,202,000 or loss of USD 0.006 per basic and diluted per share a year ago. Profit (loss) for the period attributable to owners of the company was USD 5,103,000 compared to loss of USD 2,227,000 a year ago. Basic and diluted earnings per ADS were USD 0.10 compared to loss of USD 0.05 per share a year ago. Adjusted EBITDA was USD 18.5 million, up 32.4% from USD 14.0 million in the same period in 2016.