Canadian Solar, which performs most of its manufacturing in China, reported a net income of $27.7m for the third quarter – coming off losses of $12.6m in the second quarter, and $43.7m in third-quarter 2012.
Canadian Solar follows JinkoSolar, which became the first major Chinese manufacturer to return to profitability during the second quarter of this year. Canadian Solar anticipates being profitable for the whole of 2013.
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