China's JA Solar swings to profit

March 17 Mon Mar 17, 2014 7:31am EDT

March 17 (Reuters) - China's JA Solar Holdings Co Ltd swung to a quarterly profit, underlining a steady recovery in the sector as Japan subsidizes power and China boosts installation of solar projects.

The company posted a net profit of $23 million, or 32 cents per American depositary share (ADS), in the fourth quarter ended Dec. 31, compared with a net loss of $102.4 million, or $2.65 per ADS, a year earlier.

Revenue rose 33 percent to $357.3 million.

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