PV Crystalox said that sales were down 3.7% at €121.6 m, compared to earlier guidance that first half sales would be down by 10%. Underlying operating profits fell by 10.5% to €41.8 m but this compares favourably with large losses reported by many solar firms over the last week, as the sector is hit by a glut in the silicon market and the lack of financing for solar projects.
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