5N Plus reports third quarter results and record sales figures

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

5N Plus has announced financial results for the third quarter of fiscal 2010 ended February 28, 2010. The company reports that sales reached a record level of CAD$19,227,127 up by 0.4% over sales of CAD$19,150,195 for the third quarter of the previous fiscal year.

Net earnings were of CAD$4,075,513 (CAD$0.09 per share), which represents a 21.5% decrease over net earnings of CAD$5,189,673 (CAD$0.11 per share) for the third quarter of the previous fiscal year. EBITDA(1) decreased by 22.0% to CAD$6,253,513 down from CAD$8,012,408 during the third quarter of the previous fiscal year.

For the nine-month period ended February 28, 2010, sales decreased by 0.5% to CAD$51,033,792 and net earnings by 32.0% to CAD$10,307,869 (CAD$0.23 per share). This compares with sales of CAD$51,315,894 and net earnings of CAD$15,159,673 (CAD$0.33 per share) for the same period of the previous fiscal year. EBITDA also decreased during the nine-month period ended February 28, 2010 to CAD$16,444,458 down by 28.0% from CAD$22,833,752 for the corresponding period of the previous fiscal year.

As at February 28, 2010 the backlog of orders expected to translate into sales over the following twelve months stood at CAD$53,791,253 which represents a 3.4% increase over its level of CAD$52,024,064 one year earlier.

Jacques L’Ecuyer, president and CEO said, “We are pleased to report the results of our third quarter which was characterized by record sales and an improved profitability with respect to the previous two quarters. Demand for our solar grade products continued to be strong but it is the increase in sales of our non-solar products, which was largely responsible for the record quarter. These non-solar products include for the first time those produced by our subsidiary Firebird Technologies, the performance of which positively impacted both our sales and earnings in the quarter.”

The interim unaudited consolidated financial statements of 5N Plus, as well as the Management’s Report of the third quarter ended February 28, 2010 are available here.

28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Read Next

September 23, 2021
US developer Clearway Energy Group has signed a virtual power purchase agreement (VPPA) with Toyota in North America to supply the company with 80MW of power, accounting for 8% of the company’s regional operations
PV Tech Premium
September 23, 2021
Backed by a new heterojunction module factory in Florida and the expansion of its production plant in Minnesota, solar manufacturer Heliene is looking to take advantage of US policy support to meet increasing demand for American-made PV equipment. Jules Scully discusses the company’s growth plans with CEO Martin Pochtaruk.
September 23, 2021
Arizonan utility Salt River Project (SRP) and renewables company Clēnera have signed a 20-year power purchase agreement (PPA) for the CO Bar Solar project that is expected to deliver between 440-480MW of power
September 23, 2021
Russian wholesale electricity market administrator JSC ATS has allocated 775MW of solar PV in the country’s eighth auction round for largescale renewables, which had an average price of ₽5.18/kWh (US$0.071/kWh)
September 22, 2021
Renewables developer and asset manager RES has named Eduardo Medina as its new chief executive designate, with the former Vestas, SunPower and Acciona exec set to take over at the end of next month.
September 22, 2021
More than 190 US solar companies have warned that proposed duties on imports of modules and cells from three Southeast Asian countries represent an “immediate and serious threat” to America’s solar sector.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021