Neo Solar Power reports near-doubling of revenues for first half of 2010

Taiwan-based c-Si solar cell manufacturer Neo Solar Power has revealed a 96.1% increase in revenues for the first half of 2010 compared to the same period last year, according to a Digitimes report. Second only to Gintech Energy among the Taiwan-based cell manufacturers in terms of revenue for the six months, the company reported an EPS of NT$6.15 (US$0.19) and a first-half revenue figure of NT$7.49 billion (~US$234 million).

The first-half boom is due in part to the company’s record revenues for the second quarter, which came in at NT$4.48 billion (~US$140 million). With second-half sales already looking strong for the company, Neo Solar Power’s strong market demand will require the continued operation at 100% capacity utilization.