GCL Profit and Installations first half of 2016

15.08.2016: Chinese PV energy developer and provider GCL New Energy Holdings Limited issued a positive profit alert. According to a filing with the Hong Kong stock exchange, the company expects to record a profit of not less than RMB 130 million ($19 million) for the six months period ended 30 June 2016 (H1 2015: RMB 71.2 million).
The significant increase »was mainly attributable to the fact that the number of solar farms has been significantly increased« from 17 as at June, 30, 2015 to 68 as at June, 30, 2016. GCL New Energy installed 1.1 GW and reached 2.7 GW in the first half of this year.
The company’s result for the first half is expected to be published by end of August 2016.