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Solar wafer maker Sino-American Silicon Products (SAS) has released its third-quarter 2016 financial report, recording consolidated revenues of NT$7.183 billion (US$228 million), gross margin of 3.07%, net operating loss of NT$403.8 million, net loss of NT$1.305 billion and net loss per share of NT$2.27.
The large net loss was mainly due to loss of NT$450 million from non-operating investment in fellow maker Powertec Energy, foreign exchange loss of over NT$100 million and loss of about NT$400 million from drops in product price, SAS said.
For January-September, SAS posted consolidated revenues of NT$21.824 billion, gross margin of 12.4%, net operating profit of NT$943 million, net loss of NT$382.3 million and net loss per share of NT$1.40.
SAS’ board of directors has decided to add investment of NT$295 million in Sunrise PV World, its wholly-owned subsidiary engaged in EPC (engineering, procurement, construction) and maintenance of PV power stations, and invest up to NT$200 million in a new joint venture to be established at initial paid-in capital of NT$900-1,200 million.
SAS recorded consolidated revenues of NT$2.294 billion for October, growing 1.24% on month but falling 1.79% on year, and those of NT$24.118 billion for January-October rose 2.17% on year.
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