May 9, 2018 / 5:11 AM / 18 days ago

SMA Solar posts profit rise on stronger demand in Europe, Asia

FRANKFURT, May 9 (Reuters) - SMA Solar, Germany’s largest solar company, on Wednesday said first-quarter operating profit rose 72 percent, boosted by stronger demand for solar equipment in Europe and Asia.

First-quarter earnings before interest and tax came in at 4.3 million euros ($5.10 million), up from the 2.5 million in the year-earlier period. ($1 = 0.8438 euros) (Reporting by Christoph Steitz Editing by Maria Sheahan)

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