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Gintech profit to hit $4.9m

Gintech profit to hit $4.9m

TAIPEI: Taiwanese solar cell maker Gintech Energy Corp yesterday said it made NT$162 million (US$4.9 million) in net profit for November after swimming back to profits of NT$139 million in the third quarter.

That represents earnings per share of NT$0.36. Gintech lost NT$696 million in the third quarter of last year, according to a company statement submitted to the Taiwan Stock Exchange.

The company released the monthly earnings at the request of the stock exchange regulator due to an unusual spike in the stock price. Gintech shares surged about 28 percent over the past 15 days to close at NT$32.05 yesterday.