August 26, 2014 / 11:21 AM / 3 years ago

Trina Solar posts profit as module shipments jump

Aug 26 (Reuters) - Trina Solar Ltd reported its fourth-straight quarterly profit, helped largely by improving demand for its solar modules from China.

Net profit attributable to Trina Solar was $10.7 million, or 14 cents per American depositary share (ADS), in the second quarter ended June 30, compared with a loss of $33.7 million, or 47 cents per ADS, a year earlier.

The Changzhou, China-based company’s revenue rose about 18 percent to $519.4 million.

Module shipments rose to 943.3 megawatts (MW) in the quarter, up from 558 MW it shipped in first quarter.

Trina Solar began reporting profits from the third quarter of last year, driven by strong demand and stabilizing average selling prices globally.

Reporting By Shubhankar Chakravorty in Bangalore; Editing by Sriraj Kalluvila

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