Canadian Solar posts profit again as China demand rises

March 5 Wed Mar 5, 2014 7:10am EST

March 5 (Reuters) - Solar power company Canadian Solar Inc reported its second straight quarterly profit, helped by higher panel shipments to China and Japan.

Net income attributable to Canadian Solar was $20.9 million, or 39 cents per share, for the fourth quarter ended Dec. 31, compared with a net loss of $105 million, or $2.43 per share, a year earlier.

The company's revenue jumped 76 percent to $519.5 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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