Search results for Cartersville
Industry
Hanwha Solutions Q2 operating profit 306.5 billion won, up 200 percent on year
Hanwha Solutions posted a second consecutive quarter of profit across all divisions, reporting consolidated second-quarter sales of 4.58 trillion won and operating profit of 306.5 billion won. Sales rose 47.01 percent and operating profit climbed 200.33 percent from a year earlier, with an operating margin of 6.7 percent. Renewable energy, chemicals and advanced materials all remained profitable for a second straight quarter.
Industry
Hanwha Solutions sells U.S. venture investment fund for $84.3 million to boost liquidity
Hanwha Solutions said on Wednesday it sold a venture investment fund that invested in U.S. innovative companies for $84.3 million. The company said it will use the proceeds to supplement funds for debt repayment created by the reduction in its rights issue and to bring forward plans to improve its financial structure. It also said it will quickly push ahead with 300 billion won of investor asset monetisation presented during the rights issue revision process.
Industry
Hanwha Solutions sells 200 billion won AMPC securitisation
Hanwha Solutions said on May 21 it recently sold about 200 billion won ($130 million) of the Advanced Manufacturing Production Credit (AMPC) it received last year to a third party. It plans to continue accelerating early cash conversion of AMPC to speed up improvements in its financial structure. The AMPC provides tax credits for solar products made in the United States, and the credits can be transferred to third parties.
