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PV Crystalox Solar Swings To Interim Loss Before Share Cancellation

Thu, 27th Aug 2020 15:32

(Alliance News) - PV Crystalox Solar PLC on Thursday swung to a first-half pretax loss ahead of its stock cancellation next month.

In the six months to June 30, revenue fell 6.3% to EUR266,000 from EUR284,000. The photovoltaic wafer maker swung to a pretax loss of EUR383,000 from EUR1.4 million profit a year earlier.

The company will cancel its shares from trading and return another GBP2 million to shareholders via a tender offer in September.

Back in June 2019, the company returned GBP38.5 million to its shareholders.

Its cancellation will be effective from September 29.

Shares in the company were 1.2% higher at 49.20p each in London on Thursday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

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