Singapore-based REC Solar did, however, note that its moduleproduction costs rose slightly in the first quarter due in part to a factory firein March – giving the incident a more serious overtone than previouslysuggested.

REC Solar chalked up an $11m profit on revenues of $175.4mfor the quarter. That compares to a $10.8m profit on revenues of $182.4m duringthe final quarter of 2013 – the company’s first in the wake of its split withUS-based REC Silicon.

Oslo-listed