In the first quarter of 2018, Photon Energy increased its consolidated revenue by 33.3% y/y to EUR 3.71m. EBITDA totalled EUR 1.03m. Due to a capital profit of EUR 3.07m within the framework of a transaction with Canadian Solar, the company posted a net profit of EUR 1.89m. Its registered capital increased from EUR 25.98m at the end of 2017 to EUR29.23m. Electricity generation exceeded expectations by 4.1%. Compared to electricity generation in the first quarter of 2017, it was 21.1% lower. The company compensated for this decrease through the results of other business lines.
Source: CIANEWS, http://cz.photonenergy.com