Reuters logo
CORRECTED-JinkoSolar reports smaller loss on higher shipments
June 7, 2013 / 11:01 AM / in 5 years

CORRECTED-JinkoSolar reports smaller loss on higher shipments

(Corrects paragraph 3 to say the company’s first-quarter 2013 loss was 92 cents per ADS, not 23 cents. Also corrects first-quarter 2012 loss figure to $2.55 per ADS from 64 cents)

June 7 (Reuters) - Solar panel maker JinkoSolar Holding Co Ltd reported a smaller first-quarter loss on higher shipments and improved margins.

Solar product shipments rose 36 percent to 338.6 megawatts in the quarter ended March 31.

The China-based company’s net loss narrowed to $20.7 million, or 92 cents per American depositary share (ADS), from $56.6 million, or $2.55 per ADS.

Revenue rose 9.7 percent to $187.3 million. (Reporting By Kanika Sikka in Bangalore; Editing by Maju Samuel)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below