JA Solar Holdings (JASO)

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JA Solar Holdings 4th Quarter Net Rises Despite Currency Losses

By Veronica Dagher
Last update: 7:27 a.m. EDT March 12, 2008Print RSS Disable Live Quotes

JA Solar Holdings Co.'s (JASO:ja solar holdings co ltd

4:00pm 03/11/2008

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JASO 14.58, +2.19, +17.7%) fourth-quarter net income rose to $13.5 million from $10.1 million, a year earlier, despite foreign currency losses. On a per-share basis, earnings fell to 9 cents a share from 11 cents a share, a year earlier, as the most recent quarter had a higher number of shares outstanding. The Chinese solar cells maker said revenue increased to $144.2 million from $47.9 million a year ago. For 2008, the company expects revenue of $990 million to $1.1 billion.