Sky Solar Holdings, Ltd. (NASDAQ:SKYS)

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HONG KONG, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“...
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Fourth Quarter 2016 Financial Results

  • Q4 2016 total revenue of $13.8 million, up 13.4% over Q4 2015.
  • Basic and diluted loss per share was $0.02 compared to $0.02 in the same period in 2015. Basic and diluted loss per ADS was $0.16 compared to $0.15 in the same period in 2015.

Mr. Weili Su, Founder, Chairman and Chief executive officer of Sky Solar, commented, “We executed on the strategy we outlined in Q1 of 2016, and our full year 2016 results reflect robust revenue growth. We have approximately 1GW of solar parks in our project pipeline. We continue to believe the cash flow expected to be generated from the solar parks over time will provide a solid foundation for future business development. Additionally, we continue to see the efforts we put in in key market development yield results with compelling cash-on-cash return, and expect these efforts to result in stable earnings in the longer term.”

Mr. Sanjay Shrestha, Chief Investment Officer of Sky Solar, and President of Sky Capital America commented, “We are excited about our continued expansion in the Americas region and our outlook. We expect significant growth in the United States, Uruguay and Chile and continue to build out our existing pipeline in Japan. We believe we are well positioned to deliver on our growth objective by leveraging the attractive cost of capital from our new strategic partner.”

Web site: http://www.skysolargroup.com/

Last updated May 15, 2017