JETION HOLDINGS (LON:JHL) – good results, shame about the communication concerns!
The AIM quoted designer, manufacturer and supplier of high quality solar cells and modules announced a fantastic set of results for the twelve months ended 31st December 2008.
Sales were up 141% to US$250.9m, gross profit up 168% to US$40.8m, gross margin up 11.6% to 16.3%, pre -tax profit up 328% to US$20.1m.
Pro-forma earnings per share were up 160% to US 24.0 cents.
At the operating level the business appears to continue to perform superbly.
Cell manufacturing capacity doubled in the year to 100MW and module capacity increasing to 60MW pa.
Revenue breakdown was
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