Pursuits
Hanergy Thin Film’s Profit Surges on Sales and Disposals
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Hanergy Thin Film Power Group Ltd., the Chinese solar manufacturer whose market value has climbed to $36 billion, said profit surged 64 percent last year following the sale of five power projects in China.
Net income totaled HK$3.31 billion ($427 million), up from HK$2.02 billion a year earlier, according to a Hong Kong stock exchange filing. The company restated its 2013 profit after the acquisitions of two companies. Sales rose almost threefold to HK$9.6 billion.