Aug 18 Solar panel maker JinkoSolar Holding Co Ltd reported a higher second-quarter profit as shipments and prices increased, sending its shares up 3 percent in premarket trading.
The Chinese company said net profit attributable to shareholders rose to $22.3 million, or 64 cents per American depositary share (ADS), in the quarter ended June 30, from $8 million, or 36 cents per ADS, a year earlier.
The Shangrao, China-based company's revenue rose 36 percent to $392.1 million.
Total shipments shot up to 659.5 megawatts (MW) in the quarter from 489.2 MW a year earlier. The company shipped 581.2 MW in the first quarter. (Reporting By Shubhankar Chakravorty in Bangalore; Editing by Don Sebastian)