MAINBOARD-LISTED Sunpower Group recorded a net profit of 21.4 million yuan (S$4.2 million) for its second quarter ended June 30, 2020, reversing from a net loss of 5.2 million yuan a year ago. Read more at The Business Times.
For the half year ended June 30, 2020, the group recorded a net profit of 239.4 million yuan, compared with a net loss of 46.8 million yuan a year ago. Without the financial effects of convertible bonds and warrants, the group would have recorded a 56.3 per cent rise in net profit to 173.5 million yuan, from 111 million yuan the year before.
EPS for the six months ended June 30, 2020 was 30.23 fen, compared with an LPS of 6.2 fen a year ago. Without the financial effects of convertible bonds and warrants, EPS will be 21.92 fen, up from an EPS of 14.71 fen in the corresponding period last year.
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