Merchant PV solar cell and module supplier, Neo Solar Power (NSP) reported that accumulated net profits for the first nine-months of 2013 reached NT$200 million (US$6.8 million) as demand, higher ASPs and high utilisation rates continued.
The company also said that it experienced its 10th consecutive month of revenue growth after posting revenue for the month of October of NT$2,300 million (US$78.2 million).
NSP reported third quarter revenue (including Del Solar module sales) of NT$ 6,386 million, a 57% increase quarter-on-quarter.
The company noted that demand was increasing from customers in Japan, United States, and China, as well as in emerging markets.
NSP’s gross profit reached NT$903 million for third quarter and a gross margin of 14.14%. Operating profits was NT$ 502 million with an operating margin of 8%.
In the third quarter, NSP raised NT$4.1 billion to support liquidity requirements and capacity expansions. However, the company told PV Tech during PV Taiwan that it would be undertaking retro-fit and upgrades to our existing manufacturing lines to cautiously add needed capacity to market demand.