REC Solar saw its second-quarter earnings before interest, taxes, depreciation and amortisation (Ebitda) increase to $21.1m from $16.2m in 2014’s first quarter, with a net profit of $16.2m, up from $11m.
REC Solar, which does not have comparable figures from last year after its split from REC Silicon, says the figures also include a $7.4m property tax reimbursement.
The Oslo-listed company reported group revenues of $175.8m,
