Trade Resources Industry Views Gigastorage Generated Gross Margin of 13.99% and Net Operating Profit of NT$260 Million

Gigastorage Generated Gross Margin of 13.99% and Net Operating Profit of NT$260 Million

Solar wafer maker Gigastorage generated gross margin of 13.99% and net operating profit of NT$260 million (US$8.6 million) for the first quarter, while fellow maker Sino-American Silicon Products (SAS) still suffered negative gross margin and net operating loss, according to the companies.

SAS said its first-quarter net operating loss resulted from high cost for long-term polysilicon supply contract. SAS expects solar wafer prices to rise in second-half 2014 and its operation to turn profitable.

Gigastorage saw net operating profit mainly because it is not burdened with long-term polysilicon supply contracts. Gigastorage has expanded its annual production capacity to 650-700MWp and will further expand it to 1GWp.

Source: http://www.digitimes.com/news/a20140513PD206.html
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Gigastorage Sees Operating Profit, SAS Suffers Loss in 1q14
Topics: Lighting