Trading Update (3754A)
January 31 2011 - 8:08AM
UK Regulatory
TIDMJHL
RNS Number : 3754A
Jetion Solar Holdings Limited
31 January 2011
For Immediate Release 31 January 2011
Jetion Solar Holdings Limited
("Jetion Solar" or the "Company")
Trading Update
Jetion Solar (AIM:JHL), the manufacturer of high quality solar
cells and modules, announces a trading update following the
financial year end on 31 December 2010.
Following the brief update on trading released in early
November, the Board is pleased to report that trading in both
November and December exceeded expectations, albeit that December
experienced some slowdown as it has done in the past. In
consequence, the Board is pleased to announce that profits for the
full year ended 31 December 2010 will substantially exceed market
expectations.
However, the market continues to be difficult and challenging.
Although raw material prices have stabilised recently, module
selling prices remain under pressure and many governments in Europe
continue their gradual reduction in subsidies. The Board expects
this difficult situation to remain for at least the first quarter
of 2011, but will update shareholders at the time of the
preliminary results in the second quarter of 2011.
For further information :
Jetion Solar Holdings Limited
+86 (0) 510 8668 7372
Raymond Wong +44 (0) 78 3414 6777
Evolution Securities Limited +44 (0) 20 7071 4300
Tim Worlledge, Tim Redfern
Buchanan Communications +44 (0) 20 7466 5000
Mark Edwards, Christian Goodbody
This information is provided by RNS
The company news service from the London Stock Exchange
END
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