Missouri-based MEMC narrowed its first-quarter loss to $89.4m – down from $98.6m during the same period in 2012 – even as revenues dropped 15% to $443.6m.
The smaller loss was largely attributable to an improved performance from its Semiconductor Materials business segment, while the revenue drop resulted from weakness in its Solar Energy division – both in terms of selling its own PV kit and commissioning projects.
