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PV Crystalox chops divi

Thu, 25th Mar 2010 07:53

PV Crystalox Solar, which makes the silicon wafers used in solar power systems, saw adjusted earnings more than halve in 2009 as the company was hit by a price squeeze.Total wafer shipment volumes in 2009 were 4% higher than in 2008 at 239 megawatts (mw) but with prices slumping in the second half of the year 2009 revenues were down 13.4% from the year before at €237.3m.Earnings before interest and tax, excluding €8.2m of currency losses, was €50m, down 53% from €106.5m in 2008. In 2008 the company benefited from €36.3m of currency gains.The final dividend has been halved to €0.02 from €0.04 last year but the board has pledged to reinstate its progressive dividend policy when market conditions permit. The full-year dividend pay-out is 4 cents, down from 6 cents in 2008.The group remains cautious about the outlook for 2010 but drew encouragement from the revival in demand in the second half of 2009, which was largely driven by strong demand in Germany. The reintroduction of investment grants in Japan has also stimulated photovoltaic (PV) installations in that country after a period of stagnation.‘Overall global PV installations reached a record high of 6.43GW [gigawatts] in 2009 according to a report from Solarbuzz, the US based PV consultancy. This represents 6% growth over the previous year and is in sharp contrast to the 110% market growth experienced in that year,’ the group said.
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22 Sep 2020 16:05

UK Shareholder Meetings Calendar - Next 7 Days

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22 Sep 2020 15:50

UK DIRECTOR DEALINGS SUMMARY: Superdry Founder Ups Stake To 19.5%

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11 Sep 2020 16:09

IN BRIEF: PV Crystalox Solar Says Tender Off Was Oversubscribed

IN BRIEF: PV Crystalox Solar Says Tender Off Was Oversubscribed

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2 Sep 2020 16:00

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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27 Aug 2020 15:32

PV Crystalox Solar Swings To Interim Loss Before Share Cancellation

PV Crystalox Solar Swings To Interim Loss Before Share Cancellation

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16 Jul 2020 21:18

IN BRIEF: PV Crystalox Solar Launches GBP2 Million Tender Offer

IN BRIEF: PV Crystalox Solar Launches GBP2 Million Tender Offer

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1 Jul 2020 18:18

UK EXECUTIVE CHANGE SUMMARY: New CFOs At Ideagen And Bioventix

UK EXECUTIVE CHANGE SUMMARY: New CFOs At Ideagen And Bioventix

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29 Jun 2020 20:06

IN BRIEF: PV Crystalox Solar Receives EUR800,000 Settlement Payment

IN BRIEF: PV Crystalox Solar Receives EUR800,000 Settlement Payment

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19 Mar 2020 11:58

More Tough Trading For PV Crystalox As Share Cancellation Nears

More Tough Trading For PV Crystalox As Share Cancellation Nears

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26 Sep 2019 12:05

PV Crystalox Revenue Slumps, Still Considering Share Cancellation

PV Crystalox Revenue Slumps, Still Considering Share Cancellation

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21 Mar 2019 15:01

PV Crystalox Solar mulls cash return to shareholders as operations wind down

(Sharecast News) - Photovoltaic supplier PV Crystalox Solar reported a significant drop in revenues in its final results on Thursday, to €6.3m, compared to €26.4m in 2017.

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21 Mar 2019 10:41

PV Crystalox Considers Cancellation Of Listing As 2018 Profit Down

LONDON (Alliance News) - PV Crystalox Solar PLC on Thursday said it saw a sharp fall in profit in 2018 following the closure of its production facility in the UK.The company, which produces

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1 Feb 2019 11:32

PV Crystalox Proposes Cash Return As Part Of Orderly Resolution

LONDON (Alliance News) - Photovoltaic wafer maker PV Crystalox Solar PLC said on Friday that it has decided to return a large proportion of cash to shareholders, as part of the company's of be

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4 Dec 2018 16:21

Bardin Hill Long Duration Recoveries Holds 5% PV Crystalox Solar Stake (ALLISS)

LONDON (Alliance News) - PV Crystalox Solar PLC said Tuesday that Bardin Hill Long Duration Recoveries Management LP holds a 5.1% stake in the solar cell manufacturing supplier after a transaction

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14 Sep 2018 08:28

PV Crystalox Solar Swings To Profit On Settlement But Revenue Halves

LONDON (Alliance News) - PV Crystalox Solar PLC said Friday it swung to an interim profit after gains from a recent legal settlement despite revenue halving.For the six months ended June, a

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