Photon Energy is today publishing its financial results for the first quarter of 2018. The company delivered a strong opening quarter marked by a 33% growth in revenues YOY, despite lower energy production businesses in Australia and the sale of PV technology. This statement is a positive result of the transaction, which has been successfully completed by the Canadian Solar Network.
Looking at the highlights for the quarter, Photon Energy is a co-develop five utility-scale solar power projects with a total capacity of 1.14 GWp in New South Wales, Australia. The company has extended its pipeline project in Hungary to 25.6 MWp and its connected power. 528 KWp in the Western Hungarian municipality of Fertőd. Last but not least, the company repaid its EUR bond 2013/18 in accordance with the bond conditions.
Georg Hotar, the company's CEO, will be able to answer the question. SII on 10 May 2018 at 11am. The chat will be a live webcast in Polish and English on www.sii.org.pl.
Legal basis: § 5 para. 1 point no.1 of the Alternative Trading System - "Current and Periodical Information in the Alternative Trading System".
Source: company website, investor relations, current and periodic reports.