Major merchant solar cell producer Neo Solar Power (NSP) reported lacklustre sales improvement in March 2015, resulting in sales remaining in the doldrums for the first quarter of the year.
NSP reported March 2015 sales of NT$1,656 million (US$53 million), a 12.9% increase over the previous month.
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Non-audited first quarter sales were around NT$4,629 million (US$148.3 million) compared to NT$7,277 million (US$233.1 million) in the first quarter of 2014.
The company noted that sales were starting to recover due to the expected growth in key markets such as China and expected shipments would continue to improve.