Last 17.88 GBp
Change Today 0.00 / 0.00%
Volume 50.8K
PVCS On Other Exchanges
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As of 11:35 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

pv crystalox solar plc (PVCS) Snapshot

Open
17.50 GBp
Previous Close
17.88 GBp
Day High
17.88 GBp
Day Low
17.50 GBp
52 Week High
03/6/14 - 29.00 GBp
52 Week Low
09/16/13 - 13.22 GBp
Market Cap
28.6M
Average Volume 10 Days
298.4K
EPS TTM
-0.03 GBp
Shares Outstanding
160.3M
EX-Date
11/27/13
P/E TM
--
Dividend
--
Dividend Yield
40.56%
Current Stock Chart for PV CRYSTALOX SOLAR PLC (PVCS)

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pv crystalox solar plc (PVCS) Details

PV Crystalox Solar PLC manufactures and supplies multicrystalline silicon ingots and wafers for use in solar electricity generation systems. It serves solar cell producers in Japan, China, and rest of Asia; Germany, the United Kingdom, and rest of Europe; and internationally. The company was founded in 1982 and is headquartered in Abingdon, the United Kingdom.

88 Employees
Last Reported Date: 04/17/14
Founded in 1982

pv crystalox solar plc (PVCS) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: €353.5K
Compensation as of Fiscal Year 2013.

pv crystalox solar plc (PVCS) Key Developments

PV Crystalox Solar plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

PV Crystalox Solar plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenues of €30,087,000 against €28,305,000 a year ago. Loss before income tax was €5,774,000 against earnings before interest and taxes of €3,951,000 a year ago. Loss before tax was €6,934,000 against earnings before taxes of €1,541,000 a year ago. Loss from continuing operations was €6,937,000 or €4.4 per basic and diluted share against profit from continuing operations of €1,341,000 or 0.3 per basic and diluted share a year ago. Loss attributable to equity owners of the parent was €6,937,000 or €4.4 cents per basic and diluted share against profit attributable to equity owners of the parent of €2,019,000 or 0.5 cents per basic and diluted share a year ago. Net cash flows used in operating activities was €4,713,000 against €6,811,000 a year ago. Payments to acquire property, plant and equipment and intangibles were €136,000 against €51,000 a year ago. The Board believes that its ongoing strategy will maximise shareholder value and position the Group to take advantage of an eventual return of a more rational business environment.

PV Crystalox Solar plc Announces Board and Executive Changes

PV Crystalox Solar plc announced the retirement of Dr. Peter Finnegan from the Board of the Company and from his role as Chief Financial Officer, and the appointment of a new CFO. Peter has notified the Board of Directors that he will not stand for re-election at the Group's Annual General Meeting of Shareholders to be held on 22 May 2014 and that he will retire from office on 31 May 2014. Notwithstanding his retirement, Peter will make himself available to the Company to ensure a smooth transition to the new CFO. The Board also announced that it has appointed Matthew Wethey as the new CFO in addition to his role as Group Secretary. In this role his responsibilities have extended to liaising extensively with the current CFO on all investor and shareholder relations matters, and on the statutory reporting of the Group.

PV Crystalox Solar plc Reports Consolidated Earnings Results for the Year Ended December 31, 2013; Provides Earnings Guidance for 2014

PV Crystalox Solar plc reported consolidated earnings results for the year ended December 31, 2013. For the period, the company reported revenue of €71,442,000 compared with €46,305,000 for the same period last year. Profit before interest and taxes were €10,528,000 compared with loss before interest and taxes of €30,020,000 for the same period last year. Profit before taxes was €6,626,000 compared with loss before taxes of €30,714,000 for the same period last year. Profit for the year from continuing operations was €6,236,000 or €1.7 basic and diluted per share compared with loss for the year from continuing operations of €41,321,000 or €10.2 basic and diluted per share for the same period last year. Profit attributable to equity owners of the parent was €3,659,000 or €1.0 basic and diluted per share compared with loss attributable to equity owners of the parent of €121,401,000 or €29.9 basic and diluted per share for the same period last year. Net cash from operating activities was €4,436,000 compared with €77,267,000 for the same period last year. Payments to acquire property, plant and equipment and intangibles were €122,000 compared with €1,129,000 for the same period last year. In 2013 Group revenue increased by 54.2% due to higher wafer sales volumes, including a large proportion of its surplus wafer inventories, and increased trading of surplus polysilicon feedstock. Increase in profitability was driven primarily by the impact of revised assumptions in respect of the onerous contract provision (including that market conditions at the end of 2013 were somewhat better than anticipated last year) which resulted in non cash income of €11.7 million in the statement of comprehensive income. Double digit growth is expected for the PV market in 2014 with some analysts expecting global installations to exceed 50GW, up from the 37GW achieved in 2013.  Pressure on pricing is likely to remain although some market tightness may positively impact sales prices as supply and demand come closer to balance later in the year. The Board continues to be mindful of the challenging market situation and the increasingly dominant role of Chinese players in the PV industry and does not expect the underlying business to return to profitability during 2014. Nevertheless it is taking cautious steps to position the Group to take advantage of any further improvement in market conditions.

 

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