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; [email protected]
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