Taiwan-based multicrystalline wafer producer Green Energy Technology (GET) reported March 2016 sales 42.6% higher than in the same period of 2015.
GET reported March 2016 sales of NT$1,781 million (US$55.02 million), an increase of 0.8% from the previous month as production utilisation rates remain above 95%, but 42.6% higher than in the same period of 2015, primarily due to higher shipments and ASPs on tight supply.
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However, GET noted that it expected wafer prices could vary mildly in the second quarter of 2016, due to seasonality and policy reasons. The company still plans to expand outsourcing of wafer capacity from partners to increase shipments in 2016.
First quarter 2016 sales were around NT$5,269 million (US$163 million), compared to US$124.6 million in the first quarter of 2015, around a 31% increase year-on-year.