March 13, 2014 / 10:51 AM / 4 years ago

Hanwha SolarOne posts smaller loss as shipments soar

March 13 (Reuters) - China-based Hanwha SolarOne Co Ltd posted a much smaller fourth-quarter loss as solar panel shipments rose sharply and prices improved.

The company’s net loss narrowed to $3.6 million, or 4 cents per American Depositary Share (ADS), in the quarter ended Dec. 31, from $107.6 million, or $1.27 per ADS, a year earlier.

Net revenue rose 60 percent to $213.9 million.

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