Hanwha SolarOne's loss narrows as prices stabilize

Thu May 30, 2013 6:20am EDT

May 30 (Reuters) - China-based Hanwha SolarOne Co Ltd's quarterly loss narrowed as its shipments rose sharply and panel prices improved.

Net loss for the first quarter narrowed to $36.4 million, or 43 cents per American Depositary Share (ADS), from $48.2 million, or 57 cents per ADS, a year earlier.

Net revenue rose 40 percent to $179.2 million.