In August Solar Millennium delayed publishing its interim financial report, which covers the period 1 November 2009 to 30 June 2010, blaming the “greater complexity” of its auditing procedures due to recent its restructuring.
The company swallowed an operating loss of €26.7m ($34.1m) during the period, compared to a profit of €20.9m last year. It blames the loss on a raft of extraordinary items, including a one-off payment to its departed chief executive, and the high pre-investment cost of its US and Spanish projects.
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