Its quarterly profit of $27.5m, or $0.33 per American Depository Share, compares to a year-ago loss of $20.4m, or loss of $0.25 per ADS.
Its gross margin during the quarter was 21.2%, up from 14.5% last year, but it expects it to recede to 19-20% in the second quarter.
Hanwha Q Cells – which was formed when South Korea’s Hanwha Group acquired Germany’s Q Cells out of bankruptcy – shipped 912MW of modules in the first quarter, beating its own guidance of 850-900MW.
The
