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Solaria’s net profit slumps in H1 2010

Solaria Energia has reported a net profit of €438,000 for the first half (H1) of 2010, compared to €3.1 million in the same period last year.

The EBIT tumbled from €7.5m to €2.2m. The falls came despite an 18% increase in sales to €63.1m.

Solaria Energia says it has increased its workforce by 80%, and is currently working on 6 solar photovoltaic (PV) plants totaling 22 MW, which are expected to be commissioned in H2.

Outlook

For the full year, Madrid-based Solaria Energia maintains its forecast of sales of €200m and an EBITDA increase of 15.5%.

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