German PV group Phoenix Solar AG's operations in the U.S. and strong growth in the Middle East boosted overall revenue and narrowed the company's net loss in the first half of the year. Phoenix Solar on Thursday posted a 34.1% increase in first-half sales to €53.3 million ($59.3 million) while reducing its consolidated net loss from €6.3 million to €4.6 million year over year. The company, which expects to return to profitability this year, reduced its year-on-year operating loss (before interest and tax) from €4.6 million to €2.4 million - in line with its 2016 sales and earnings guidance. In the first six months, Phoenix Solar's Power Plants segment accounted for the lion's share of the group's total revenue, contributing €52.1 million, up from €36.8 million in the same period a year ago, while its Components & Systems unit experienced a drop in sales from €2.9 million to €1.2 million. Revenue from Power Plants made up 97.8% of total revenue compared to Components & Systems, which delivered just 2.2%. The group's total gross margin increased from 7% to 8.3%, which the company said was an indication of the progress made in improving overall operating efficiency and a focus on acquisition of profitable projects. Following what it described ...Den vollständigen Artikel lesen ...